056 DSR – 401k Fallout

October 10, 2012 — Leave a comment

I’m encouraging you to take a closer look at what your 401k really is. Not because I stumbled on the 60 minutes video above and now am sounding the alarm bell. I’m encouraging you because I’ve kept my mouth shut on this subject far too long.

I never tell people where to invest their money. That’s a very personal decision that should be done only after becoming educated about what you’re doing. I can tell you what I don’t invest in and that’s a 401k. It’s a savings plan that was designed so you won’t win.

High risk, low returns, zero control on your part. Hidden fees are just the tip of the iceberg. You have to truly understand what the stock market was meant to do. Check out the resource below and get the real skinny on Wall Street and how a 401k can mean financial suicide.

How Wall Street Fleeces America

Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.

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