A 401(k) is a retirement account set up by a corporation that you work for that allows you to contribute pre-taxed money from your paycheck into it each month. There are benefits to a 401(k), but in many cases, the benefits don't necessarily outweigh the consequences. In today's video, I'll explain why.

Do you know how much money you need in order to retire comfortably? Find out with my Early Retirement Calculator: http://bit.ly/2cW2XSh

_____________
Learn more:

Subscribe to my channel for free stuff, tips and more!
YouTube: http://budurl.com/kacp
Facebook: https://www.facebook.com/rule1investing
Twitter: https://twitter.com/Rule1_Investing
Google+: + PhilTownRule1Investing
Pinterest: http://www.pinterest.com/rule1investing
LinkedIn: https://www.linkedin.com/company/rule...
Blog: http://bit.ly/1YdqVXI
Podcast: http://bit.ly/1KYuWb4