Friday, October 4, 2013

"Most 401(K) Plans Stink," Jim Cramer.



Some quotes about 401(k) Plans from CNBC's Jim Cramer:

"Sometimes it feels like the whole 401(k) system was set up to benefit the financial services industry, not you."
"If your employer matches your contribution up to a percentage of income, then a 401(k) deserves your attention."
"But, only put as much money into the 401(k) as your employer will match."
"... the rest of your retirement investing should happen in your IRA until you hit the upper limit on what you're allowed to contribute in a given year. Unlike most 401(k) plans, an IRA gives you the freedom to invest your money in whatever way you want," Cramer said.

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