Ask a Fool: What Is a 7702 Retirement Plan?
In this video as part of The Motley Fool's "Ask a Fool" series, senior advisor to The Motley Fool's Rule Your Retirement service, Robert Brokamp, takes a question from a Fool reader, who asks: "What are your thoughts on a 7702 retirement plan? We are in negotiations with an agent about a 7702 plan that is alleged to be better than an IRA or 401(k) in terms of safety and growth potential." Robert gives several reasons to be suspicious of this 7702 plan, and reiterates the strengths of a more traditional retirement plan.
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The article Ask a Fool: What Is a 7702 Retirement Plan? originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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