Why doesn my broker recomend a 7702 Private Plan?
A- There are as many answers to this question as there are financial professionals. But most often it simply comes down to commissions. Over a 10 yr period, a 7702 Private Plan will generate as much as 80% less in commissions than a traditional broker account, 401k, IRA, ROTH or mutual fund. Many financial advisors simply won’t recommend products that will cut their income by 80%, regardless of the superior benefits available in a quality 7702 Private Plan.
Related Questions
- If an investment broker earns commissions on the sale of a particular 529 plan, doesn that mean he is biased and will try to sell me just that plan?
- How can the government tell private developers what to do with their property? Why would the developers want to cooperate with this District Plan?
- What is a private disability plan ?
