The Uncomfortable Truth About The 401k Retirement Plan -- Scam?
For years, we’ve been told that the 401(k) is the best way to save for retirement. Employers push it, financial advisors recommend it, and the government gives tax breaks to encourage people to use it. On the surface, it sounds like a no-brainer: you put in money, your employer might chip in some extra, and it grows over time, supposedly setting you up for a comfortable retirement. But what if the 401(k) isn’t as great as everyone says? What if it’s actually full of hidden downsides that most people don’t realize until it’s too late? The truth is, the 401(k) is far from the perfect retirement plan, and if you don’t understand its flaws, you could end up with far less money than you expected when you actually need it.