Many Americans Have Retirement Savings Stuck in ‘Junk IRAs’ | Money
I call it “Financial Prison,” but we can go with “Junk IRAs.” There is a better way to save and store your money for retirement where you have access to cash when you need it, without fees and taxes. Source: Many Americans Have Retirement Savings Stuck in ‘Junk IRAs’ | Money
‘I’m furloughed due to the government shutdown’: Do I pull money from my Roth 401(k), savings or $450K home? – MarketWatch
Reason #67 why I have stated over and over that the worst place to save and store your money is retirement accounts (aside from the free employer match). Your money is in financial prison and you have little to no access to it, in times like these when the government shuts down and stop paying employees, while they continue to receive their pay. Stop saving in retirement accounts and start saving in your own privatized family banking system which has been around for over 200 years, long before the Wall Street Cartel created retirement accounts. Source: ‘I’m furloughed due to the government shutdown’: Do I pull money from my Roth 401(k), savings or $450K home? – MarketWatch
Here’s How Much You Should Save in Your 401(k) in 2025
Should always try to save and invest as much as you can afford, however, the worst place to save your money is your 401K and retirement accounts. This is financial prison for your own money that make it difficult to access and are taxed and penalized by the government for saving. Source: Here’s How Much You Should Save in Your 401(k) in 2025