What rich people do with 401(k)s

The truly rich people treat 401ks like a trap and here's why 401ks make sense when tax rates were falling but now tax rates are likely going up so why put pre tax money in now only to get taxed more later so the wealthy people that we deal with kind of do this they contribute to get the match free money from their company they don't overfund it instead they use the tax free tools like maybe it's cash value life insurance why? For control, for flexibility for tax free income don't just follow the herd think like the wealthy and remember that life insurance can be used in a variety of different ways to your benefit no we don't sell life insurance and we don't manage client assets but cash value life insurance might be a good fit for you it gives you control and we've seen a lot of wealthy people that's how they fund their future income needs is through that which allows them to do it totally tax free.