Principal’s past sins…. the 401k “Withdrawal Queue” in 2008

Non-GAAP, the hidden danger in your 401k Plan...

For the millions of 401k investors that have been forced, or willfully volunteered, to place their future security in Principal’s hands, this post is for you. For the hundreds of thousands of retirees, trying to survive their retirement years on a fraction of savings they had left after the “Withdrawal Queue” was forced on them at midnight, September 26, 2008, this post will be a grim reminder for what can happen when a insurance company owns our future.

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Author: Dennis Myhre

Mr. Myhre can be contacted at..... dmyhre@fiduciaryfactor.com