What rich people know about 401ks that most don't.
They treat them like a trap.
And here's why.
401ks made sense when tax rates were falling.
But now, tax rates are likely going up.
So why put pretax money in now, just to get taxed more later?
The wealthy play it differently.
They contribute just enough to get the match.
Then they stop.
Instead, they use tax free tools like cash value life insurance.
For control.
For flexibility.
For tax free income.
They don't follow the herd.
They build strategy around future tax impact.
No, we don't sell life insurance.
But we've seen it used by the wealthy to fund their future income needs
in a way that keeps the IRS out of the picture.
If you're serious about keeping more,
study what the top one percent are doing.
Then build your plan accordingly.
