Search results for: 401(k)

Six Reasons Your 401(k) is a Scam

…conventional financial wisdom, I’m used to that, so here goes… 401(k)s are a scam. Want proof? Here Are Six Reasons Why 401(k)s Are a Scam… Reason #1: The 401(k) Tax-Deferral…

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A 401(k) Plan Loan vs a Life Insurance Loan: Is One Safer Than the Other?

…your life insurance policy with a policy loan. Which is better: 401(k) loans or life insurance loans? You’ll find conflicting advice. Some experts say 401(k) loans should be your first…

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Five 401(k) Alternative Investments Options for Retirement

…deal with all this? Are there good alternatives to 401(k)s?” Let’s take a look at the drawbacks to 401(k)s and good alternatives to them. The 401(k) drawbacks include: Unpredictable market…

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Why a 401(k) Loan isn’t Nearly as Safe as a Life Insurance Loan

Why should you be extremely wary if you’re considering getting cash by tapping your 401(k) plan? Typically, 401(k) loans mire you in red tape, with “gotcha” fine print and some…

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7 Really Scary Facts about Your 401(k)

“401(k) plan managers who sign off on pricey funds could cost their workers tens of thousands of dollars over the long haul”. Frightening 401(k) Fact #3: Most 401(k) participants vastly…

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Coronavirus Pandemic Exposes Cracks in 401(k) Plans

401(k) says it’s a monster that should be destroyed. But the pandemic, shutdown and resulting economic downturn have exposed dangerous cracks in the 401(k) system. I’ll explain three of them…

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Congress Considers Axing Your 401(k) Tax Deduction

…deduction for 401(k) contributions. And one proposal would also change the tax-deferred nature of 401(k)s by imposing a 15% tax on your annual gains. Why would Congress consider tinkering with…

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