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The truth nobody wants you to know about your 401K plan:
It's called a "salary reduction plan"

That doesn't sound too appealing does it?
401Ks were first discovered by Ted Benna while searching for ways to limit current year taxes for wealthy clients.

This was not meant to be the primary investment vehicle.
Enter in the bigger institutions with a great opportunity:

Defer your taxes, lifestyle, control of your money to us with restrictions holding you in the plan until you are 59 1/2.

They're happy to babysit your money for an extended period for a small fee!
Babysitting agreement - You take all the risk in our target allocations and we will manage your money for a small fee.

A plan that was portrayed as a "forced savings plan" or tax savings has now become a speculative investment play that is out of sight!
If more people lifted the hood on what is truly happening in a 401K program, they would be shocked by how much responsibility is being handed to someone else!

Giving up the ability to use and control your finances is not something the average person under 50 gets excited about!
Subscribe to join on the journey to greater financial control and independence:

www.getrevue.co/profile/ColtonMcGriff
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Nick Huber @sweatystartup ยท Jun 9, 2022
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Great thread.