Comments on: Is the 401(k) Really the Biggest Scam Ever? http://www.myloansconsolidated.com/2010/03/12/is-the-401k-really-the-biggest-scam-ever/ Wed, 25 Jan 2012 00:54:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Robert http://www.myloansconsolidated.com/2010/03/12/is-the-401k-really-the-biggest-scam-ever/comment-page-1/#comment-5070 Robert Fri, 02 Jul 2010 17:19:09 +0000 http://www.myloansconsolidated.com/?p=2265#comment-5070 The only reason a 401k is supposed to work is because the returns are supposed to outrun inflation. The reality is, at some point, expect a dollar revaluation. And it will not be a one for one either. Try a 1 new dollar for every 3 or 4 old dollars. No way they will let people make money off it a currency adjustment. Even if the dollar never reevaluates, the idea of saving millions in a 401k goes against all common sense that you can save your way to being rich. Just doesn't work. The only reason a 401k is supposed to work is because the returns are supposed to outrun inflation. The reality is, at some point, expect a dollar revaluation. And it will not be a one for one either. Try a 1 new dollar for every 3 or 4 old dollars. No way they will let people make money off it a currency adjustment.

Even if the dollar never reevaluates, the idea of saving millions in a 401k goes against all common sense that you can save your way to being rich. Just doesn’t work.

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