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Are You Wasting Money on Your 401(k)? Phil Town discusses the pros and cons of using this popular workplace investment method.

By Phil Town

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Opinions expressed by Entrepreneur contributors are their own.

Is it a wise investment decision to put your money in a 401(k)?

In this video, Entrepreneur Network partner Phil Town discusses the advantages and disadvantages of investing in a 401(k). And is it really worth it? According to Town, investing is always worth more than not investing at all, especially if your employer is matching your financial contributions.

However, Town explains there are many shortcomings to a 401(k), such as limited options in terms of where your money is invested and high fees paid to managers. To hear all the advantages and disadvantages, watch the full video.

Related: Adopt These Smart Money Habits When Stock Prices Skyrocket

Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Phil Town

How to Find a Stock On Sale That's Right for You

3 Bad Investing Habits You Should Drop Before It's Too Late

Nervous About Investing? Think About Your Money This Way.

How to React When a Recession Is Approaching

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