Hello,
One of my friends who is somewhat a freelancer financial advisor has been telling me about 7702 as a great way to save for retirement. I did some search and most of the opinion on internet about 7702 comparing to traditional retirement fund is negative. Also, most of the online opinion doesn't really explain how it works and why it is not as good as IRA or Roth IRA. Can someone help me understand 7702, please?
Thank you.
"7702 Plans" look like they're a clever way to sell life insurance.