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Friday, March 11, 2016
Should I ditch my 401(k)?
Hey, everyone. Given the debased fiat currency known as the U.S. dollar and the government-inflated casino known as the stock market, I'm debating whether to ditch my 401(k) plan after my 10-plus years of participating. I recently had my employer scale back my 10 percent contribution down to the five percent maximum that still generates the employer match. Should I go all the way and ditch it entirely? Perhaps I'll have a clearer sense of how to proceed after I read Mark Spitznagel's "The Dao of Capital: Austrian Investing in a Distorted World." But I thought I would seek out your opinions as well. Thanks.