Ask a Fool: What Is a 7702 Retirement Plan?

The Motley Fool's retirement expert gives his opinion of 7702 retirement plans, and how they compare to a more traditional IRA.

Jan 24, 2014 at 9:44PM

In this video as part of The Motley Fool's "Ask a Fool" series, senior advisor to The Motley Fool's Rule Your Retirement service, Robert Brokamp, takes a question from a Fool reader, who asks: "What are your thoughts on a 7702 retirement plan? We are in negotiations with an agent about a 7702 plan that is alleged to be better than an IRA or 401(k) in terms of safety and growth potential." Robert gives several reasons to be suspicious of this 7702 plan, and reiterates the strengths of a more traditional retirement plan.

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