401k Fallout - Scam or Essential Tool for Retirement

Описание: Things are seldom as they seem. When something appears too good to be true, it usually is. In a country where capitalism takes precedence over humanity, it's crucial to question who truly benefits. #followthemoney

The original purpose of 401(k) plans was twofold:
Supplementing Social Security: 401(k) plans were never meant to be standalone retirement options. Their purpose was to complement Social Security, not replace it. However, many people now rely solely on their 401(k) plans for retirement income. (Save employers money & shift the risk of retirement from employers to their employees.)

Contributing to the Stock Exchange: 401(k) plans have been credited with providing additional funds to the stock exchange. By allowing employees to invest their retirement savings in stocks, bonds, and other securities, these plans contribute to raising capital for companies, potentially boosting the stock market and overall economy.

According to the Investment Company Institute's study, 401(k) plans held approximately $7.3 trillion in assets as of June 30, 2021, nearly one-fifth of the $37.2 trillion US retirement market.

Currently, the stock market's instability is shedding light on the high fees, hidden charges, and risks associated with 401(k) plans. Many people have suffered significant losses in their 401(k) investments and are now concerned about their retirement prospects.

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This video may contain copyrighted material that has been included under the principles of fair use. I affirm that the use of such material falls within the scope of fair use as outlined in Section 107 of the U.S. Copyright Act.

The purpose of incorporating copyrighted material into this video is multifaceted, including but not limited to educational purposes, news reporting, criticism, commentary, and fostering critical thinking. This utilization is serves to advance intellectual discourse, challenge prevailing narratives, and promote a deeper understanding of complex issues.

The inclusion of such material does not detract from the market value of the original works but rather enhances the educational and informational content provided to viewers.

The Mind Emancipationist does not claim ownership of any copyrighted material used and all rights remain with their respective owners.

If you believe that your copyrighted material has been used inappropriately or without authorization, please contact Mind Emancipationist via messenger so that we may address any concerns promptly and in accordance with applicable laws.

This fair use statement serves to affirm our commitment to promoting learning, facilitating informed discourse, and upholding the principles of fair use in accordance with the law.