
The Cost of Bad Advice is Decades
Bad financial advice rarely sounds reckless. Sometimes it sounds wise, cautious, and responsible.
In this episode of Plan to Prosper, we break down a real story from a Reddit user who delayed contributing to his company 401(k) because his parents warned him the market was about to crash. Three years later, the damage was already done. Missing just a few years of contributions and employer match quietly cost him tens of thousands of dollars and potentially much more over a lifetime. We explore why market timing is so dangerous, how well meaning advice can still lead you astray, and how to make…
The skinny
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