Is a 401k an Asset? Debunking the Misconceptions
Despite some questions, a 401(k) is an asset because it has value and can generate income. It can be owned or exchanged like any other asset.
Despite some questions, a 401(k) is an asset because it has value and can generate income. It can be owned or exchanged like any other asset.
Only in two super rare situations can the government take your 401k, but for the most part, your 401k is safe.
Despite a few downsides, I don’t think 401k doesn’t worth it anymore. Instead, 401k still has huge value, don’t let the cons obscure the pros.