"Always Max Out Your 401(k) First" — #4 in Top 10 Worst Personal Finance Advice | Top10Grid
#4
"Always Max Out Your 401(k) First"
While 401(k) contributions are valuable, blindly maxing out a retirement account while carrying high-interest credit card debt at 24 percent APR is mathematically foolish. The advice ignores individual debt situations and liquidity needs.
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