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How to be smart about asset allocation

How many times have you heard the following from Wall Street, the financial media, your CPA or your financial advisor, Max out your 401(k)? Almost every day there is another article on how and why you should max out your 401(k).

 Who really benefits? Financial institutions mostly. They charge fees based on how much you have in your 401K. 

Sam Sneiden, chief trading strategist at the Online Trading Academy, has written an excellent article about the proper use of tax deferred and taxable accounts. If you are using a 401K, or want to, or have IRAs, or are just investing in general, you should read this and follow his advice. 

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