Required Reading: How 401(k)s Make Many Americans Poorer

Required Reading: How 401(k)s Make Many Americans Poorer

01/12/12

One of the most widely dispensed, and universally accepted, pieces of financial advice is that you should contribute at least enough to your 401(k) to get the full match from your company. If you don’t, so the wisdom goes, you will be giving up free money. Well, it turns out that money isn’t exactly “free.” In a sense, it’s actually coming right out of your paycheck.

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