Search results for: 401(k)

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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Why Most Early Proponents of the 401(k) Now Say It’s a Failure

…Reasons Your 401(k) is a Scam In a recent blog post, I discussed 6 reasons 401(k)s are a scam. Think you’re getting “free money” in the form of a 401(k)

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Why More Experts Are Now Saying It’s Time to Ditch Your 401(k)

…Experts Say the 401(k) is a 40-Year Experiment that’s Failed… In addition to creating a totally unpredictable future tax liability, experts say 401(k)s come with other wealth-killing pitfalls: The employer…

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3 Reasons Why the Money in Your 401(k)/IRA Doesn’t Belong to You

If you get regular account statements, you probably know the approximate current value of your 401(k) and/or IRAs, so please write that total down now. Do you think all that…

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