"Automatic" 401K enrollment & deductions

[A HERETIC I AM]

50. So....the difference between $100 and $97 is a deal breaker for you? Is that it?

What "misinformation" have I given, pray tell?

I already answered, re your post above, but I'll reiterate. You said;

I don't feel they have the right to take money I earned and put it in their 401k.

That. That right there is misinformation. Or perhaps it would be better if I said it demonstrates you are misinformed or laboring under a misapprehension. It isn't THEIR 401(k). It is yours.

I can make my own decisions.

And absolutely no one is stopping you from doing so. A poster above mentioned how hard it was for her husband to opt out of his company's plan. If you have that much trouble I would be surprised, but even if you do, you will still have opted out by the time you're done.

They just want to hold on to the money.

"They" aren't holding onto anything. At all. Zip, zero, nada, bupkiss. More misinformation.

At least I wasn't asked to take out Dead Peasant Insurance...

Then consider yourself lucky, I suppose.

I love how the muddle class thinks that everyone can easily save money for retirement. Some of us can't.

Can't? Or won't? Look, I understand your point of view, trust me. You and many millions of Americans feel the same way. I get it. Fine. Opt out then. There is a reason they automatically enroll you and that reason was addressed downthread.

The little bit they would take would quickly be eaten up by fees, and I'd be out that money.

More misinformation. If your balance was only $10, do you really think it would just disappear due to fees? If so, it is clear you do not understand how those fees are charged and/or have little understanding of how a Mutual Fund works.

But...again, opt out. You can and if you feel that strongly, you should.

And before I get the typical DU response suggesting I am somehow independently wealthy or some sort of "Shill" for the financial industry merely because I am trying to present facts instead of hysterics, know this - I am a truck driver. I WAS a stock broker for 3 years during the crisis. I am no longer a broker because my timing entering the business could not have been worse. I am by no means rich or well off and I will likely have to work until I drop dead. But I know what I know, and this subject is important to people. It does a major disservice to anyone who has a 401(k) to post falsehoods and bad information.