"No Virginia, a 702(j) is Not a Real Retirement Plan"
I've been seeing a lot of questions lately about a so-called retirement plan variously referred to as "702(j)" or "702" or "7702." The Palm Beach Research Group breathlessly promotes it as President Reagan's secret retirement plan...something only the 1% are using. But wait, now you can get in on it too! Whoa! If President Reagan used it, it must be good, right?!