Well, how much do you have in your 401K and how old are you?

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401k is a sophisticated scam.

You are allowing another party to hold YOUR money for an extended period of time.

By doing that you hinder your opportunity to make better investments.

Don't do it.
 






anonymous said:
401k is a sophisticated scam.

You are allowing another party to hold YOUR money for an extended period of time.

By doing that you hinder your opportunity to make better investments.

Don't do it.
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A 401K is merely the tax treatment, not the actual investment. Further, these are funds meant for retirement and you want it tied up for an extended period. If you are unable to invest outside of your 401K, then you have bigger problems. You might want to consult with an investment professional as you seem to have limited knowledge.
 




































anonymous said:
Not wrong and not even close.

You just lack thinking skills.

Sorry to burst your bubble.
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You are just too stupid to know how wrong you are. First of all, a 401k is NOT an investment. It is merely the tax favored status of the underlying investments. Secondly, they are structured for retirement. You should not be touching those funds prior to retirement or you are just defeating the purpose. Third, if you don’t like the underlying investments, complain to the company. Most companies have now improved the types of options available. I suggest you let someone else handle your family finances given your lack of financial acumen.
 












anonymous said:
You are just too stupid to know how wrong you are. First of all, a 401k is NOT an investment. It is merely the tax favored status of the underlying investments. Secondly, they are structured for retirement. You should not be touching those funds prior to retirement or you are just defeating the purpose. Third, if you don’t like the underlying investments, complain to the company. Most companies have now improved the types of options available. I suggest you let someone else handle your family finances given your lack of financial acumen.
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Wrong.
Too many reasons to even debate with you.

Why I waste my time with simpletons like you is beyond me.
 


















I retired in 2010. In all my retirement accounts etc. I had $1.2M...everything I have has been paid for since 1998. Never had a car payment. I now have $1.7M. Plus I get $1,300 a month pension, plus $2,578 SS, and my wife gets $1,564 SS. Why is everyone complaining?
 












its all a moot point, because the intellect on this website tells me that most of you are not smart enough to escape the soul trap that has snared out.

ok. back to the discussion.

the reason the 401k is a bad play is because during times of panic, people with cash make lots of money. however, if you money is tied up, you can't take advantage of the panic (see housing crisis in late 2000s and early 2010s). not only with real estate, but with stocks that are way undervalued.

another thing to consider is this: most rich people avoid taxes like the plague. there are ways to do it without tying up your money in a 401k. furthermore, there is nothing worse than needing cash, and not having access to your 401k, where you incur a 10 percent penalty for taking your money out. things happen in life, like divorce, illness, etc. its much better to be liquid, especially in these times, where sociopaths rule.
 












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