Should You Contribute To A 401(k) Plan BECAUSE Of Matching Employer Contributions?

The conventional “golden rule” seems to be:You should contribute to a 401(k) (or whatever) program your employer offers, if your contributions are matched. In other words, the test to determine whether you should contribute (or not) is if your contributions are matched.This may come as a surprise; but that notion is one of the greatest financial myths of our time. Don’t get me wrong, matching

If something you’ve always thought to be true, turned out not to be true; when would you like to know?

I ask this question because most of what majority of the American public have come to believe as financial truths are actually MYTHS.


FACT or MYTH?
1) Qualified plans like 401(k)s and IRAs always provide the most attractive retirement benefits.


2) The test to determine whether you should participate in your employer’s sponsored retirement plan is if your contributions are matched.



3) In