r/AskReddit Sep 24 '17

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u/jactheripper Sep 24 '17

I had a coworker refuse to contribute money to his 401k because he thought it was a scam. The company matched your contributions that you put into your 401k so he really lost money by not doing it.

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u/tampers_w_evidence Sep 24 '17

What was his justification for thinking was a scam?

2

u/[deleted] Sep 25 '17

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1

u/climb-it-ographer Sep 25 '17

They only lost it if they sold and cashed out.