401k

10 Reasons to Ditch the 401(k)

1. You’re Entering into an Unholy Alliance

2. It’s NOT all your money!

3. You’ll Pay Higher Fees than Anyone else

4. You’ll suffer all Five “Retirement Tax Gotchas”
1. Forfeiture of low tax rates
2. Forced taxation through Required Minimum Distributions (RMDs).
3. Taxation of Social Security Benefits
4. Higher Medicare Premiums.
5. Full taxation of what you pass on.

5. Taxation of Social Security Benefits

6. There is NO mathematical advantage to pre-tax contributions and tax-deferred growth.

7. You’ll have limited – and lousy investment options.

8. You’ll live with a lifetime of liquidity risk

9. The “Loan Trap” – like the Roach Motel – you can check in, but you might not check out.

10. Matching Fund Trickery.

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