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If You’re Under 40, Don’t Bank on Social Security

The following appeared on April 28th in the online edition of the Wall Street Journal

If You’re Under 40, Don’t Bank on Social Security

If Plan A in your retirement scheme is Social Security, it’s time to start working on Plan B.

Based on reports last week from the folks responsible for the Medicare and Social Security Trust Funds, Americans—especially those under age 40—need to reconsider their retirement plans.

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15 Reasons Why Your 401(k) May Be Your Riskiest Investment

15 Reasons Why Your 401(k) May Be Your Riskiest Investment

By Garrett Gunderson, Author Killing Sacred Cows

Financial institutions are genius marketers. They are able to get millions of Americans to hand over their money with very little thought taken, very little knowledge of the so-called investments offered, and even less control of their investments.

When the evidence is plainly presented, it becomes overwhelmingly clear that putting money into 401(k)s and similar qualified plans is not investing at all — it is one of the riskiest gambles for most individuals. Read the following reasons why I say this, and ask yourself if it’s time to reconsider your 401(k).

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