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Press Release

Book Slams 401(k)s and Similar Plans; Suggests Investors Pursue Radically Different Alternatives

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Laura Orsini/ (877) 656-9111 / /

KENSINGTON, MARYLAND. May 18, 2010 - – If Americans were to gain a complete understanding of traditional qualified plans such as 401(k)s and 403(b)s, the vast majority would prefer alternative plans, says Samuel N. Asare, a senior financial strategist with the DC-area Laser Financial Group, LC., and the author of a new book, Is Your 401K a Trap?

“Most of the literature available to those planning for retirement focuses rather heavily on the contribution and growth phases, highlighting the benefit of tax deferral without adequately explaining the equally important – if not most critical – phases of distribution for income and transfer to heirs,” comments Asare, who has also authored 5 Mistakes Your Financial Advisor is Making.

Across the board, retirement investors seem to have little to no understanding of the tax implications for their qualified plan dollars. With the strong likelihood of tax increases on their retirement horizons, it is imperative for investors to clearly comprehend all their available options. “But how many investors out there understand that during retirement, their 401K income could cause up to 85 percent of their Social Security checks also to become taxable?” questions Asare.

This free, educational, quick-read book presents the facts in an easy-to-understand format to help investors assess their retirement planning options by focusing on the complete retirement cycle: before, during and after. Laser Financial Group welcomes requests from individuals and organizations interested in securing copies of the book as a free educational resource.

About Samuel N. Asare:

A senior financial strategist with Laser Financial Group, Asare is a maverick in personal finance, specializing in retirement-income planning. He is the creator of the “Common-Sense Wealth Building Series,” and a regular columnist and commentator for various trade, professional and regional publications.

Asare holds an MBA and is a Chartered Retirement Planning Counselor (CRPC), a Charted Mutual Fund Counselor (CMFC), a Certified Treasury Professional (CTP), and a Certified Business Manager (CBM).


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