Reason 1,232 Why You Will Never Retire on your 401(k)

[Benton D Struckcheon]

Fraud (skimming, or just not actually making, the alleged deposits to your account): http://finance.yahoo.com/news/401-k-plan-secure-103032647.html

[hughee99]

1. What's the alternative? n/t

[Benton D Struckcheon]

2. None.

Since the demise of unions, nothing. Work til you're dead.

[bhikkhu]

3. People need to keep an eye on every type of investment

...even their bank accounts, of course. Fraud is pretty rare, and also generally very discoverable and prosecutable if people are mindful. The simple advice of the article is to keep track of your accounts, not that you will never get to use your 401k to retire.