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Senior Contributor

Re: Saving social security

Thanks, Sam. That is exactly the message I was trying to get across. The 401k looks like nothing more than a way to scam, trusting people out of their savings.

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Advisor

Re: Saving social security

a 401k is not a scam unless you allow it to be.
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Senior Contributor

Re: Saving social security

You are correct, Sam, and that is excatly the problem, most young people have too many things going on in their lives to be really mindful of their 401k's.

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Senior Advisor

Re There is nothing like

a $30K or $40 K devaluation in your IRA account to make you skeptical of individual retirement accounts.