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Remember the economic challenges discussed in Chapter 5? There are

trillions of dollars in these government sponsored tax-deferred plans. They

are an easy target for tax revenue. What do you think the chances are of

taxes being lower in the future? I don't like deferring an unknown tax

calculation (higher, lower, or the same tax bracket) on my money. It's too

risky.

I am not saying not to participate in your 401(k) plan. I am saying that each

person should evaluate the level at which they should participate and

should implement a risk management strategy that helps to avoid

devastating market losses.

Remember, the only one taking all the risk in your 401(k) plan is you.