The document proposes an alternative to 401K retirement plans called Section 7702, which provides benefits like tax-free income up to age 120, cash withdrawals without penalties, and money passing to heirs. It protects against emergencies, disability, illness and other hardships. The alternative is described as the best kept secret that has been overlooked until now.

1. A Smarter, More Complete
Alternative to 401K
A Very Short Story

4. The Best Kept Secret
The under used and until now overlooked IRS Sec. 7702.
Provides cash for:
• Emergencies • Withdrawals without penalty .
• Death
• Tax free income to age 120 .
• Disability
• Illness • Stock market returns… upside no
• Cancer, Heart Attack downside .
• Stroke
• Your money blossoms when
• Long Term Care
transferred to your heirs .
Began in 1995
The only good plan is one that protects you
and your family, no matter what…

5. Why It's Time to Retire the 401(k)
By Stephen Gandel Friday, Oct. 09, 2009
http://www.time.com/time/business/article/0,8599,1929119,00.html#ixzz0okgNZ81R
“The ugly truth,… is that
the 401(k) is a lousy idea,
a financial flop, a
rotten repository for our
retirement reserves.”
The solution: a new type of insurance.
Retirement savings, it turns out, are exactly the
type of asset we need insurance for.
Read more:
http://www.time.com/time/business/article/0,8599,1929119,00.
html#ixzz0okff0Dcf