Home › Forums › Financial Markets/Economics › 401ks bad? › scaredyclassic wrote:Im not
[quote=scaredyclassic]Im not sure i see any advantage to a 401k for me other than lawsuit protection. Seems actually bad.
If i were betting, id say some sort of extra 401k tax, esp on higher inc. People, is a likely future event.[/quote]
there’s lawsuit protection.
In the case that your company has a 401k match, it’s free money (so at least contribute to get the maximum match)
But it’s also a way for people who otherwise aren’t financially disciplined to force them to put money away for the future.
The problem is a lot of 401k plans suck. They fund selection suck, and the fees suck. Some plans, are more or less self-directed, so that’s good.
The issue with 401k though is it’s going to get a lot more complicated…
https://finance.yahoo.com/news/trump-administration-move-could-add-significant-risks-to-retirement-accounts-115443201.html
The problem is that a lot of these funds can now speculate in much riskier private equity.
