I was given a 401K by my company and recently decided to check it out. The financial markets must be desperate to take peoples' money because the values they were giving me were outright insane. The company decided to match half for every dollar up to 8%. So for 8% you put in, they give you 4% for a total of 12. That wasn't the bad part. The 401K company had a very hidden "opt out" setting to increase your contribution rate to 15%, 1% a year on top of downright scaring you with bold font and red letters to increase your contribution rate to 13% or more. They even had a goy chart to show you what everyone else was doing which i thought was cute. No way could that chart be altered or fabricated in any way, right? The most insane part is that doing this was to cover only 80% of your salary for retirement ....
