Zachariah B. Parry Releases New Book 'How to Escape the Chains of Conventional Wisdom That Keeps You Poor'

LAS VEGAS, October 7, 2020 (Newswire.com) - ​​Finally, someone comes along to expose the truth about qualified retirement plans, such as 401(k)s. In Zach Parry’s new book Unshackled: How to Escape the Chains of Conventional Wisdom That Keep You Poor, he turns conventional wisdom on its head and shows why those who contribute to 401(k)s are actually pledging their life savings to pay an undisclosed and unknowable future amount of taxes.

"The problem with these tidbits of conventional ‘wisdom’ is that they are absolutely 100 percent false. There are better ways to keep more of your money in your pocket,” Parry says.

“Everyone knows that the government doesn’t generate money; it takes it,” he reminds us. “Yet if they’re investing their money into a qualified retirement plan, then they’re blindly entrusting the government to manage their future income.”

In what he hopes is a wake-up call for anyone investing on autopilot, Parry dissects commonly held “truths” about investment strategies, such as, “Maximize your 401(k) contributions.” “Buy term insurance and invest the rest.” And, “Get out of debt before you start saving for retirement.”

Referencing primary sources like the Internal Revenue Code and case law, he exposes the risks of blindly following “conventional wisdom.” Within his book, he’ll reveal why: