Shark Tank's Kevin O'Leary warns Americans on 401(k)s
The notable entrepreneur and investor has blunt words.
Most American workers generally understand that Social Security monthly paychecks will one day significantly contribute to their future retirement income.
But because those Social Security benefits are not by themselves enough to provide people with the financial resources they need to live on comfortably, most also recognize that 401(k) plans and IRAs (Individual Retirement Accounts) are additional tools necessary for securing their financial future.
However, finding the extra money to contribute to these accounts can be a significant challenge.
Kevin O'Leary, a prominent entrepreneur and investor widely known for his appearances on ABC's "Shark Tank," shares a method that enables workers to cut expenses and direct more money toward their 401(k) and IRA savings.
He also offers a stark financial warning.
