--- title: Powerball and Mega Millions Teach You About Retirement - RMC Group description: Powerball and Mega Millions aren't retirement plans. Watch this short video to learn about different types of retirement plans. image: https://rmcgp.com/hubfs/Imported_Blog_Media/powerball.jpg --- [ ← Back to Blog ](https://rmcgp.com/blog) # Powerball and Mega Millions Teach You About Retirement Written By RMC Group Published on: February 14, 2019 ![Powerball and Mega Millions Teach You About Retirement](https://rmcgp.com/hubfs/Imported_Blog_Media/powerball.jpg) [x_video_embed type=”16:9″][/x_video_embed]   *[Transcript]* **Powerball and Mega Millions aren’t retirement plans. ** A lot of people look at it this way and it’s kind of a hope. The reality is that most people want to know what they have in retirement and defined benefit plans can offer that. Defined benefit plans unlike a defined contribution can give you guaranteed income. And why that’s important is… There was a Harvard study about 6 or 7 years ago that came out and said that the average employee if they put the money away in their 401(k) are going to come up about **60% short of their retirement goals**. *Let’s face it, business owners aren’t the average employee so it even gets worse for them.* Now I’m not saying get away from the 401(k), they’re great plans. They offer great reasons and great opportunities. But if you also offer in or layer in a defined benefit plan, you can offer… - A plan that offers the highest tax deduction currently available under the law, - You can help diversify reduce or even eliminate some of your stock market risk - You can give you guaranteed income you can’t outlive up to $225,000 a year AND - It also offers you the potential to use estate planning tools on a pre-tax basis **Something that you may want to consider offering your business owners** ## Related Blog Posts [![Closing the Gap: What Women's Retirement Security Day Means for Your Future](https://rmcgp.com/hubfs/RMC%20-%20Blog%20Header-Jul-08-2026-07-55-51-4334-PM.png) ](https://rmcgp.com/blog/closing-the-gap-what-womens-retirement-security-day-means-for-your-future) ### [Closing the Gap: What Women's Retirement Security Day Means for Your Future](https://rmcgp.com/blog/closing-the-gap-what-womens-retirement-security-day-means-for-your-future) On Women’s Retirement Security Day, we spotlight the retirement savings gap between women and men—and what you can do about it. Building a secure retirement isn't easy for anyone. But for women, the... [Read More](https://rmcgp.com/blog/closing-the-gap-what-womens-retirement-security-day-means-for-your-future) [![The IRS Announces Health Plan Limits For 2027](https://rmcgp.com/hubfs/RMC%20-%20Blog%20Header%20(2)-Jun-01-2026-09-11-11-7643-PM.png) ](https://rmcgp.com/blog/the-irs-announces-health-plan-limits-for-2027) ### [The IRS Announces Health Plan Limits For 2027](https://rmcgp.com/blog/the-irs-announces-health-plan-limits-for-2027) On May 29, 2026, the IRS issued Rev. Proc. 2026-24 in which it announced cost-of-living adjustments for Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs) and excepted benefit... [Read More](https://rmcgp.com/blog/the-irs-announces-health-plan-limits-for-2027) [![What Happens to Your Retirement Plan When You Sell Your Business?](https://rmcgp.com/hubfs/RMC%20-%20Blog%20Header%20(1)-May-28-2026-04-06-00-2941-PM.png) ](https://rmcgp.com/blog/what-happens-to-your-retirement-plan-when-you-sell-your-business) ### [What Happens to Your Retirement Plan When You Sell Your Business?](https://rmcgp.com/blog/what-happens-to-your-retirement-plan-when-you-sell-your-business) A clear summary of your options, obligations, and next steps for protecting your retirement savings through a business sale Selling your business is one of the most significant financial events of... [Read More](https://rmcgp.com/blog/what-happens-to-your-retirement-plan-when-you-sell-your-business) 1004 Collier Center Way #206 Naples, FL 34110 ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "RMC Group", "url" : "https://rmcgp.com/blog/author/rmc-group" }, "dateModified" : "2026-04-29T19:17:03.228Z", "datePublished" : "2019-02-14T20:44:13.000Z", "headline" : "Powerball and Mega Millions Teach You About Retirement - RMC Group", "image" : [ "https://rmcgp.com/hubfs/Imported_Blog_Media/powerball.jpg" ], "mainEntityOfPage" : { "@id" : "https://rmcgp.com/blog/2019/02/14/powerball-and-mega-millions-teach-you-about-retirement", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://rmcgp.com/hubfs/RMC_Group_Logo_%5BYW.BL.NA%5D.svg" }, "name" : "RMC Group" } } ```