In this video, as part of The Motley Fool's "Ask a Fool" series, Robert Brokamp, senior advisor to The Motley Fool's Rule Your Retirement service, 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 a 7702 plan, and reiterates the strengths of a more traditional retirement plan.

Check out more from Robert (and Alison Southwick) in the Motley Fool Answers podcast.