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But is the advice from the controversial financial educator and his team right?
Kiyosakis Case Against the 401(k)
The Rich Dads argument centers on several key points.
First, it challengesthe conventional wisdom about employer matches.
The Rich Dad article also took aim at the fees associated with traditional retirement accounts.
Here is some of the reasoning.
However, he agreed with Kiyosaki about their downsides: limited control, fees and exposure to market volatility.
Strong 401(k) plans do not take 80% of your profits.
This is blatantly false, Brock said.
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