There are plenty of reasons to avoid investing in a 401K, especially if your company doesn’t match your investment: management fees, lack of flexibility, but the reason at the top of the list is future tax increases.
Most people have done the best they know. They’ve done everything “right” based on the information they had. However, what if doing everything “right” isn’t good enough. Maybe what we’ve been taught isn’t the best plan for our future.
We all want to become financially free. But how do you actually get there? Most financial planning books are great at telling you the perfect plan for becoming financially free. Unfortunately, life isn’t perfect, and it rarely goes according to plan. How can the rest of us plan for our future?
What are you going to do after you retire?
When it comes to their retirement, one of the biggest mistakes people make has nothing to do with money matters. Most retirees haven’t thought about their mission.