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Should you invest in your companies 401K? April 18, 2014

Posted by shaferfinancial in Finance.
Tags: ,

I regularly receive calls about and discuss with folks this question. Often the answer comes down not to mathematics but emotion. I have posted regularly on why I think the answer should be no, but the answer is usually long winded, rational, and mathematical.

So here it is in a brief statement:

By investing in a company 401K you trap your money in a bad investment for retirement income.

Key words are TRAP and BAD. I have long posted on why mutual funds are bad investments for retirement income. The rules for getting your money from a 401K are so onerous as to force folks to leave jobs in order to get their retirement accounts.

End of Story.

Give me a call if you want to put your money in a better place.



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