Always question everything and don’t take things at face value just because everyone else is doing it.
Tony Robbins’s MONEY Master the Game Pt 2
What?! How is my 401(k) at all risky?
Trust me – when I first started investing in my 401(k) I took it for face value and didn’t question anything.
But after learning more about it – I concluded I needed to take action and take control of my retirement.
This episode is definitely important as I lay out the remaining 6 of 9 myths and lies (first 3 are in Part 1) that are holding us back from financial freedom.
In this episode, I talk about
* The difference between the suitability standard and the fiduciary standard, and why you should care
* Why the odds of you winning the 401(k) game are slim to none
* Why you should believe in asymmetric risks and rewards (upside without the downside) and NOT high risks/high rewards and vice versa
* Why target-date funds and variable annuities are not so great, and much more!
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photo via DreaChong (edited)
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