Perhaps it is because the entire 401K premise is a scam? A phony sense of security encouraged by the bandits in govt helped along by lobbyists for Wall Street.
Any idea how much is being raked off the top in management fees regardless of whether the investor ever makes a single penny ?
It’s a serious consideration to put after tax money where you want it rather than being told where to put your pre-tax dollars.
If your 401K money was invested in rental real estate after tax instead in the right areas, the depreciation might rival the lost money.
I’d say that most people really don’t realize how big of a ponzi scheme the stock market is, and have just been brainwashed to believe “diversify & you’re in it for the long run” Wonderful advice from investment “professionals”
