What Percentage should You Dump into a 401(k) or NOT?

My common-sense view is that if a retirement savings vehicle is good, it is good, PERIOD! It doesn’t become good simply because of some DISCRETIONARY matching by an employer. So, the entire buzz about 401(k) plans being “awesome” – due to matching employer contributions - is frankly nonsense. What if the matching stops? My guess is they suddenly become atrocious.I am startled by the fact that, an

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

Conventional Financial Planning is WRONG!

Or I guess, I should have said in my opinion before making that statement. That is how passionate I feel about the manner in which so-called financial “experts” have managed to convince the vast majority of the American public (and I can safely say about 95 percent) to believe myths. The end result - people are literally gambling their hard earned dollars on porous, revolving door financial