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Don’t count on your 401k
401k is the new Social Security. That comment is not a good thing. The reason anyone has a 401k is because we can’t depend on having social security when we retire. We will still be paying for it, but it just won’t be there. The people counting on their 401k to be there when they wanted to retire in 2008-2009 were let down. The recession killed many people’s retirement plan. This is a wakeup call to everyone. DO NOT count on your 401k; take charge of your finances now. Its time for everyone to become personally responsible for their own retirement. Start a savings account, open a CD, and/or get an IRA. Its time! Don’t wait until the next recession to find out that you have to wait on retirement. After working hard your whole life, you deserve some financial security. Create it!
