The lies of the 401k: why it might not work for you and what to do instead

<p>If you have made it so far you might be interested in investing and most likely trying to understand the 401k. Unlike most financial influencers like Sharan the Finance Guy, Vivian your bff and others I will not advice you to keep maxing out your 401k.</p> <p><img alt="" src="https://miro.medium.com/v2/resize:fit:548/1*RzQO9aOOTpG2bDb9KFFtEg.png" style="height:332px; width:548px" /></p> <p>Let&rsquo;s begin by trying to understand the 401k. On November 6, 1978 the Employee Pension plan was replaced by the 401k. The previous pension plans were fully funded by the employers, which was funded by the companies earnings. By replacing pension plans with 401(k), employers shifted shifting the burden of saving for retirement to employees.</p> <p><a href="https://techchoseme.medium.com/the-lies-of-the-401k-why-it-might-not-work-for-you-and-what-to-do-d8e12ae5ecfc"><strong>Visit Now</strong></a></p>