I've often made comments like, "Your 401(k) won't make you rich." Or, "People Don't Get Rich Because they Invested in Their 401(k)."
A listener recently asked for clarification on that statement. I thought it was so important that I dedicated an entire show to it.
In today's show, I give my defense of my statements and argue my case.
My thesis is simple: high 401(k) balances are correlated to people who are rich, but they are not a causative factor of wealth.
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