Wednesday, February 23, 2011

401(k) plans suck!

It's true: 401(k) plans suck!

401(k)s are wealth creation vehicles... for the asset managers. 2% annual fees plus 6% real annualized inflation means that you need to make 8%/year just to break even. 401(k)s are a huge government enabled Wall Street scam pulled over all of the middle class.

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