Why it's a bad idea to contribute to a 401k - Everything Investments

Why its a bad idea to contribute to a 401k Sign up for our newsletter today http://eepurl.com/ES-x5 Find out more about this at: http://EverythingInvestments.com This is going to be a very short video, because after you hear this, the outrageous fees, artificial stock market returns touted by the mutual fund industry, and the extremely limited choices you have with a 401k plan wonʼt matter. All you need to know is this when it comes to a 401k... The U.S. income tax rate from 1913, when the IRS was created, to today, has ranged from 1 to as high as 90%. Today, it ranges from 10 to 39%. This doesnʼt include state income taxes. In 10-20-30-or even 40 years from now, you have no idea what your tax rate will be. Unless you plan on being homeless, you will have to pay taxes as you withdraw your money out of a 401k. Who in their right mind would sign up for such a thing? Would you borrow money from someone and not know the terms of re-payment? Do you drop your vehicle off at the mechanics and not have an estimated cost? Or would someone accept money directly from the IRS, only to be told the IRS will decide how much they have to pay back at a later date? If you trust the U.S. government like the native Americans did in the 1800ʼs, or the Japanese in the 40ʼs, then we suggest you start maxing out your 401k, otherwise, take a pass on it in favor of the Roth IRA or a regular investment account. Sign up for free smart investment ideas at http://EverythingInvestments.com

Comments

1. I never really looked at it that way.  I guess it would be better to invest it in a business you have knowledge of.
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