Paychecks for Life:

Contact: Melissa Sileo
856.489.8654, ext. 308
[email protected]
Paychecks for Life:
How to Turn Your 401(k) Into a Paycheck Manufacturing Company
by Charlie Epstein
Work, get paid, pay your bills. Work, get paid, pay your bills. We willingly
enslave ourselves to this cycle in the hopes that some day, all the hard work will be
replaced with the blissful do-nothingness of retirement. But, as headline after headline on
the recession has foreshadowed, our social security – that nice chunk of change that gets
taken out of your hard-earned paychecks and set aside “for you” – may not be there
waiting for you in the golden years. To retire on time and successfully, you will need
another mechanism to create financial security to maintain your current lifestyle once you
have stopped working.
What’s the solution? Enter Paychecks for Life: How to Turn Your 401(k) Into a
Paycheck Manufacturing Company by The 401k Coach Charlie Epstein. Epstein has
worked for over three decades in the financial planning industry, helping Americans set
up their own ‘Paychecks For Life’ through their 401(k) retirement plans, and has trained
thousands of financial advisors on turning 401(k) plans into personal ‘Paycheck
Manufacturing Companies’ for their clients.
“One day, your paychecks will stop. Where will the money come from to pay for
all the things you desire to do in your retirement years? For those who believe it will be
social security, you are in for a rude awakening,” says Epstein. “The two greatest assets
the average American will own in their lifetime are their home and their 401(k) plan.
Most treat their home with respect, but they recklessly gamble with their 401(k) plan.”
Paychecks for Life will reduce financial anxiety about retirement, helping readers
contribute to their ‘Desirement Mortgage,’ a financial mechanism much like a home
mortgage, to pay off the cost of their Desirement Years and generate a Paycheck for Life.
Using a low interest rate assumption and accounting for a 10, 20, or 30-year term to
retirement (again, just like a home mortgage) you can comfortably save enough money
that will create a steady stream of secure monthly retirement income.
Through nine detailed principles, Paychecks for Life will help readers:
Determine what their Desirement Mortgage figure should be based on income,
projected income, and current assets
Understand “Greed’s Based Rate of Return” vs. “Needs Based Rate of Return”
and how the former causes the average 401(k) participant to take too much risk
with their 401(k) investments
Figure out the percentage of interest they need to earn each year with the least
amount of risk to successfully save enough money to create a Paycheck for Life
Learn the 10-1-Now concept – if you can’t save 10% today, then save what you
can, each year increasing your savings by 1%
Make your partners in your Paycheck Manufacturing Company, Uncle Sam and
Your Employer, work for you – together they may invest 33-60% and help you
generate guaranteed return on your money!
Charlie Epstein, CLU, ChFC, AIF® has financially advised business owners and
individuals for more than 30 years. He is the principal of Epstein Financial Group,
LLC and Epstein Financial Services, a registered investment advisory firm. To
date, Epstein has nurtured the growth and success of over 1,500 retirement plan
practitioners through his nationally recognized 401k Coach Program, indirectly
impacting the retirements for millions of Americans. 401kWire named Epstein one
of the Most Influential Individuals and as a Top Advisor in the Retirement
Industry. Epstein remains closely committed to aiding family business owners,
having found the Family Business Center at the University of Massachusetts at
Amherst. Since 1992, the Center has been connecting and educating family business
owners to empower and strengthen their communities.
Paychecks for Life: How to Turn Your 401(k) Into a Paycheck Manufacturing
Company is available for purchase on the website above and