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With An Economic Collapse Likely, Should You Still Invest In A 401K?
You don’t need an advanced economics degree to figure out that the global economy is in some pretty big trouble. The market crash of 2008, in my opinion, was only a brief preview of what’s coming in the next few years.
You can call it an economic collapse; economic shift or any other name you want to, but the fact is that the US economy simply cannot sustain itself much longer. We’re running on borrowed time and far too much borrowed money. Continued economic manipulation by the Federal Reserve and Washington has pretty much guaranteed that the dollar will continue to lose its value at an alarming rate.
What this means for common Americans is that the cost of pretty much everything is going to continue to rise and will continue rise sharply year after year. For most Americans, household incomes will not be able to keep up with the rising costs of living and before long; the middle class is simply going to cease to exist.
After 2008, people are worried about their investments and whether or not they will even have enough money to live on after retirement. This is not only a justified fear, but it’s probably much worse than most people even realize.
Many Americans have invested in 401K retirement plans for years to prepare for retirement but does it still make financial sense to continue to put money into a 401K when we’re on the edge of one of the worst financial disasters in history? Today we’re going to weigh the pros and cons and find out.
Should I continue to invest in a 401K account?
The Pros
- 401K accounts are still one of the few tax-deferred investments left. It’s taken out of your paycheck pre-tax and you are only taxed on the lump sum or payments that you receive once you retire.
Click here to read the full article on All Self Sustaiend
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Source: http://www.allselfsustained.com/with-an-economic-collapse-likely-should-you-still-invest-in-a-401k/
