What Do You Know: The Hidden Costs of 401(k)’s.


retirement (Photo credit: 401(K) 2013)

I’ve started posting my quizzes in my blog “What Do You Know.”  My first quiz is on the hidden cost of retiring using 401(k)’s.   There are must less expensive ways of paying for the common good of retirement, so why has the American political system chosen this path?  Is it because 401(k)’s pump tremendous amounts of wealth into Wall Street?  Is it an attempt by corporations to externalize the cost of doing business onto working people?  Is it to force people to take care of themselves and depend less on government?  After you have taken the quiz and perhaps viewed some of the links I’ve supplied, tell me what you think.

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2 thoughts on “What Do You Know: The Hidden Costs of 401(k)’s.

  1. Andrew says:

    Thanks Buddhakaruna. It is nice and helpful quiz. I like that. 🙂

  2. annyshi says:

    I don’t the 401(k) until I check about wiki. The 401(k) account is the common name in the United States for the tax qualified defined contribution pension plan account and takes its name from subsection 401(k). In Taiwan, we have the similar system. I think it is quite good to help the people save money when they works.

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