Despite it’s popularity amongst the media, most 401k advice (and urgings to use other qualified retirement plans) is risky, and it has shown to be financially destructive for most people.  If you want proof, consider what has happened recently to those who have looked at qualified plans as their main investment vehicle for retirement…

If you are like most people, you have probably lost 25% or more of your retirement savings to “The 401k Hoax” (According to The Washington Post and MSN’s Money Central, the average 401k lost 27% last year), and you have no way to get it back.  This type of financial meltdown is unprecedented in recent history, and only those savvy enough to truly understand their finances have been able to survive unscathed.