If It Sounds Too Good to Be True...


Conventional wisdom says if something sounds too good to be true, it probably is. However, sometimes things that sound good are simply solid strategies.

The world is full of skeptics and a phrase that I sometimes hear is, “It sounds too good to be true, and if it sounds too good to be true it probably is.”

What’s interesting, is I only hear that from the uninformed.

When I tell you about financing your retirement plan, no out-of-pocket expense, guaranteed lifetime income, and so on, it does sound pretty good. I can understand why some people might say it sounds too good to be true. Well it isn’t. The truth is we’ve come a long way over the last 40 years, and we’ve discovered better ways to save for retirement.

Unfortunately most financial advisors are incompetent and don't know about modern retirement strategies. He or she is very happy to keep charging fees to your account. The fees seem low, but over time they are absolutely huge.

You should challenge the advice your financial advisor gives you, because when he or she is wrong you’re the one who loses.

The challenge of saving for retirement seems impossible, and it is, if you use outdated strategies and techniques.

The 401(k), the 403(b), and the IRA are outdated strategies from the 70s and 80s. The only person they benefit is the financial advisor who sells them to you. It's like a physician who uses outdated treatments on his or her patients. The same applies to financial advisors who give outdated advice.

As physicians you’re interested in medical outcomes. As a retirement expert, I'm interested in financial outcomes. My question is if the qualified plan is so good, why are all US physicians so worried about retirement? New solutions are here.

If you have questions send me an email to Check out my website at Make sure you come back here next week to Physicians Money Digest for another edition of The Alemian File.

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