401k Myths Exposed-Don’t Get Fooled by the Hype When Planning for Retirement

6 Retirement Myths-Believe at Your Own Peril

(reprinted with permission from Captain401.com)

401k Myth #1 – The 401k is the Best Place for All of My Retirement Savings

Not necessarily.

There are many different types of 401k plans and some are better than others. In general, you hope that your workplace 401k plan has low fee mutual funds along with low management expenses. It’s also desirable for your 401k to have a point person, or offer access to professional advice for your questions.

If y...