Why the 401k is a Scam

401k creator on how it's gone wild:

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[jakec.]

Real talk. For free spirits and independent minds, a 9-5 job and a 401k is a one-way ticket to pound-town.

[tonyfiorillo]

You missed something in your research. The 401k was introduced so that companies could get rid of pension plans that forced them to contribute to employees in retirement. So instead they put the onus on the individual instead of the employer to fund retirement. The match used by your employer is there to reduce their taxes. But it’s still not a scam. When you withdraw money in retirement you control the withdrawal amount thus you control the tax rate in retirement. Also you don’t want to withdraw your retirement savings how are you gonna retire with the money you put in the bank to have?

[kpdad]

Its 401 and done. Lost half a 401k in 08. Found silver when eagles were 16 dollars.

[afitgamer]

Excellent video! You earned yourself a new subscriber.

[josefj]

why there is a retirement crisis, financial misinformation, such as this is a major hindrance to get into your first 100 K in investments, which is the key milestone for growth

[ask_why]

Beyond match and the Roth - it's a total scam used to prop up financial services.
I, personally, wouldn’t trust Bitcoin either.

[jpapss]

401k starting to sound like crypto staking.

[maximilianmusterhans]

I disagree on this topic.
If you want to withdraw early, then don't pay into the plan in the first place? Buy stocks with your post-tax money then. Then you can withdraw without penality.

Here in Germany people would be grateful if they had the option to put some of their pre-tax salary into the stock market.

[mucusofwanderhome]

Young man. You are very incorrect on all of this . I was your age once. There will be more market crashes, corrections, dips and blurps throughout one’s working career. In addition to the markets continuing to climb . Keep on investing and it will all come together one day.
I.e. do research using real data

[DegreesOfThree]

Has anyone seen Ryan X Dickburt's newest video? He must be smoking the good stuff. 😂

[toxtethogrady]

It's interesting watching you wake up. It's called Passive Flows. In Finance, retail = suckers. You'll see through BSV too soon enough. God bless