Posts Tagged ‘Debt Elimination’

401k Plans are a Scam. What I’m Doing Instead

401k

I guess the title of this post could be a bit controversial. After all, even I contribute 1% of my income to my company sponsored 401k  plan. But still, I’m on the side that thinks that 401k plans for the most part are total bullshit. I love the idea of pretax savings as much as the next guy but for most of us these plans offer very few options to really grow your nest egg.

Before I got any further: I AM NOT A FINANCIAL ADVISOR. I AM NOT YOUR FINANCIAL ADVISOR. Seek a qualified professional and understand what is suitable for your risk tolerance before making any investment decisions. Read On…

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