Why 401(k)s and Mutual Funds Are the Path to Retirement Disaster

Many people who have a 401(k) plan consider themselves to be investing for retirement. Yet, they often have no idea what they are investing in, have no idea how those “investments” are performing, and don’t understand the ramifications of what living off a 401(k) for retirement will be.

My question is, if you don’t know what you’re investing in and you don’t really know how your investment is performing, how can you really consider yourself an investor? And even more, how can you know if you are secure for retirement?

The short answer is: you can’t and you don’t.

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