James Altucher has been getting lots of attention lately because of a 62-second video he posted for Business Insider, titled "Why investing in a 401(k) is a complete waste of money." I decided to write this rebuttal not so much as a direct attack on this particular video but because some of what Altucher said reflects views held by others as well.
My visit with Jason followed on the heels of some extensive research I was involved in, to gain a better understanding of millennials' financial habits. In addition, we also investigated the role (or lack thereof) a financial advisor plays in helping millennials plan and save. The results? As varied as their personalities.