Why Dave Ramsey Thinks We Should STOP Investing in a 401k

Dave Ramsey is recommending that his listeners no longer make contributions to their traditional 401k plan. I explain why. Dave explains that with your 401k you would have to pay taxes on all your draws and the tax rates could be significantly higher when you retire. He's basically saying to put money into tax-deferred accounts while tax rates are high, so that you can enjoy lower tax rates during your retirement years. What is Dave recommending instead of a 401k? The Roth 401(k). I might agree with him...watch to find out what I think is still missing from his claim.

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