Quote:
Originally posted by on-ramp
401k is just another "system-made" scam designed to collect fees and expenses.
it's money you wont have access to until you're near dead. I'll pass , thank you very much. I can grow my money faster than in any lame 401k account.....
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While there is no single correct way to approach investing, most folks (on their own), would not outperform a 401k due to the tax advantages and the initial 'free money' from an employer match. I've always been in 401k plans with very minimal fees, and I could easily switch things around and provide a nice income stream (taxable, but penalty free) even though I'm only 47. The 401k is only a piece of my strategy, but to dismiss them out-of-hand is shortsighted imo.