🛡️ Broken Legs and Crutches: Stop Letting 401(k)s Steal Your Steps
“The government creates the onerous problem of taxation, then provides the ‘solution’ to the problem—401(k)s and the like. This is equivalent to someone breaking your legs then handing you crutches.” — Nelson Nash
Most Americans accepted the crutches without ever asking who swung the bat. Let’s set the record straight.
The “Help” We Never Asked For
- Who raised your tax burden? Congress.
- Who dictates when you may touch “your” retirement dollars? Congress—again.
- Who profits while your capital is chained for 30 years? Wall Street intermediaries and the IRS.
A 401(k) wasn’t designed to empower stewards; it was designed to pacify taxpayers.
Capital Displacement: The Real Injury
Economist Ryan Griggs defines capital as monetary capacity you control, not just own.
Tax-deferred plans displace that capacity:
The wound isn’t the tax bill—it’s surrendering authority over your own money.
A Century on a Shaky Gurney
- 1913 – Federal Reserve Act: central bank gains power to expand credit.
- Boom–Bust Cycle: Cheap money fuels artificial highs, then engineered contractions—exactly what Austrian thinkers Mises & Hayek warned about.
- Result: Every crash pushes savers toward more government-blessed deferral, less control, higher future taxes.
Walk Again: Capital You Command
Infinite Banking, when built with dividend-paying whole life insurance, flips the script:
- Liquidity: Access cash value on demand—no age gatekeepers.
- Tax Advantages: Growth and loans are generally income-tax free (see IRS §7702).
- Private Contract: Rules are set in ink with a mutual insurer, not rewritten by Congress.
- Legacy: Death benefit transfers income-tax free, creating untouchable inheritance.
You don’t chase returns—you wield capital like a tool: cars, tuition, investments, generosity, all financed on your terms.
Legacy Starts With Leadership
Stewardship is active, not passive. It’s Joseph storing grain—before famine strikes.
If you’re tired of limping along on government-issued crutches, let’s craft a plan that puts the power back in your hands.
👉 Schedule your complimentary Legacy Clarity Call and discover how to reclaim control, reduce lifetime taxes, and walk in financial strength.
Control your capital. Build your legacy. That’s the 1322 difference.
