Tax Free Retirement Investing Slow to Catch On

By Mike Switzer

Published October 22, 2019 at 5:12 AM EDT

The tax-free Roth 401(k) plan was established in 2006. But in spite of its relative longevity, our next guest says that most people are unsure if this is a retirement savings option they should be taking advantage of.

Mike Switzer interviews John Cooper, a certified financial planner with Greenwood Capital in Greenwood, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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