Pamela Yellen on KTLA Morning News discusses “Is a 401(k) a safe place to invest your money?” – Bank On Yourself – 2010

See Pamela Yellen on KTLA Morning News discussing “Is a 401(k) a safe place to invest your money?” (3:35 minutes), April 1, 2010

Pamela Yellen Interview on KTLA

In this interview, Pamela Yellen, New York Times Best-Selling Author of The Bank On Yourself Revolution: Fire Your Banker, Bypass Wall Street, and Take Control of Your Own Financial Future, discusses what the government and your employer are not telling you about the strings attached to your 401(k). Pamela reveals that the government plans to add another 80,000,000 people into these 401(k) plans, even though most experts agree they are broken. She also reveals how employers are automatically enrolling employees into 401(k)s and automatically increasing their contributions, and automatically moving your money into more aggressive investments (higher-fee, target-date funds). Get Pamela’s Free Wealth Building Report here.