don't buy the article premise. Not at all.
401ks are not ponzi schemes in my book, because the money YOU contribute is yours, and held by a custodian. When you leave employer, you get to keep 100% of you money and transfer it.
The only issues with 401ks needing "everyone" to buy into it is for highly compensated employees. If you are an hourly worker, the HCE exceptions will not apply to you, and you are not dependant on any other employee contributing to the 401k.
Mutual funds are an investing device which do depend on others, but for a mutual fund to even exist, it has 1,000-100,000 people already invested in it before it is offered to general public to remove that risk (IMO).
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- General questions get general responses. Specific questions get better responses. Want a better answer? Re-read my signature LOL
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