<prompt> Human: I found this post: Which basically says what I think...The problem is that a co-worker has been putting a lot of money into this system he is currently 35 and ignoring the work provided 403b -- to which they match 150 up to 8 so I contribute 8 of my salary, and they contribute 12..which I thought was a lot.How do I and a couple other co-workers break it to him that he is being duped without him getting defensive and closed off?  <response>: Ask him if hes rather set aside 1.00 with the opportunity to borrow 0.50 from it in a week, or if he would rather set aside 1.00, and have 2.50 a month later.With a WLI policy, a lot of the money you put towards it goes right back to the insurance company and the salesman who sold you the policy. With a defined contribution plan, the money you put aside is 100 yours, but its just inaccessible for a while.A 150 match up to 8 is quite a good deal, and your coworker is pretty silly for passing that up. To compare, I get a flat 3 whether I contribute or not, which just about makes up for the fees we have to pay. 