In this video, I give you the bad math of a 401K. They are very bad investments. The average person does not make enough money to properly fund a 401K.
Compared to a pension they absolutely suck! Everyone tells you to put money in a 401K but no one explains how they work and the disadvantages of how they work. First of all, you got to predict how long you think you will live. That is its self is gruesome! In this video, I break down why 401K suck and what you should do instead with your money.
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