The Internet is abuzz with stories about 801(k) plans. Banner ads talk about the “best kept secret” in investment strategies. Often, these same ads, and the blogs they link to, promise you everything under the moon with your 801(k).
Savvy investors are doubtless skeptical of these claims. Others might not even know what an 801(k) is or how it differs from the more traditional 401(k) investment.
Anyone planning for their financial future should do extensive research on any investment strategy, particularly one such as an 801(k), which makes lofty promises, is poorly understood and generally shrouded in mystery.