401k advice

[drunkle]

more dangerous advice/commentary:

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there’s no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that’s a significant risk that’s glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian “logic”, a la buying what no one else wants or housing is a bubble because your neighbor’s dog just bought a house, 401k’s should at least be criticized and carefully weighed.

401k’s are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k’s have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it’s seems to me that that is exactly the most dangerous time to be involved with something.

[drunkle]

more dangerous advice/commentary:

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there’s no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that’s a significant risk that’s glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian “logic”, a la buying what no one else wants or housing is a bubble because your neighbor’s dog just bought a house, 401k’s should at least be criticized and carefully weighed.

401k’s are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k’s have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it’s seems to me that that is exactly the most dangerous time to be involved with something.

[Coronita]

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there's no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that's a significant risk that's glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian "logic", a la buying what no one else wants or housing is a bubble because your neighbor's dog just bought a house, 401k's should at least be criticized and carefully weighed.

401k's are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k's have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it's seems to me that that is exactly the most dangerous time to be involved with something.

 

Drunkle, mind if I ask

1) what do you do for a living?

2) what are you doing in lieu of a 401k?

 

 

 

[Coronita]

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there's no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that's a significant risk that's glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian "logic", a la buying what no one else wants or housing is a bubble because your neighbor's dog just bought a house, 401k's should at least be criticized and carefully weighed.

401k's are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k's have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it's seems to me that that is exactly the most dangerous time to be involved with something.

 

Drunkle, mind if I ask

1) what do you do for a living?

2) what are you doing in lieu of a 401k?

 

 

 

[Coronita]

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there's no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that's a significant risk that's glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian "logic", a la buying what no one else wants or housing is a bubble because your neighbor's dog just bought a house, 401k's should at least be criticized and carefully weighed.

401k's are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k's have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it's seems to me that that is exactly the most dangerous time to be involved with something.

 

Drunkle, mind if I ask

1) what do you do for a living?

2) what are you doing in lieu of a 401k?

 

 

 

[Coronita]

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there's no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that's a significant risk that's glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian "logic", a la buying what no one else wants or housing is a bubble because your neighbor's dog just bought a house, 401k's should at least be criticized and carefully weighed.

401k's are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k's have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it's seems to me that that is exactly the most dangerous time to be involved with something.

 

Drunkle, mind if I ask

1) what do you do for a living?

2) what are you doing in lieu of a 401k?

 

 

 

[Coronita]

401k, like social security, is a pyramid scheme. it depends on constant, unceasing growth.

a small percentage of the population own a majority of the wealth. your 401k is influenced by the financial decisions of a small minority of people.

the financial markets are not free and efficient. they are manipulated by the likes of banks, hedge funds and even the federal reserve.

there's no safety in foreign markets or commodities. all assets are open for manipulation, speculation and crisis.

retirement. the whole reason for the existence of the 401k is itself a threat to the 401k. growth in the stock market correlates with the creation of the 401k in the early eighties. retirement of the boomers who are followed up by the less numerous and less wealthy gen x are going to drain the money invested into the markets right back out. whether the rate of extraction exceeds the rate of capital influx is to be seen, but that's a significant risk that's glossed over by 401k pushers.

401k is a panacea to most people. by using contrarian "logic", a la buying what no one else wants or housing is a bubble because your neighbor's dog just bought a house, 401k's should at least be criticized and carefully weighed.

401k's are tax deferred, not tax exempt. big difference and the rate of taxation in the future may change, your income in the future may make tax deferment moot.

401k's have grown because of the ease of investment. that passivity of people has allowed markets to grow unregulated, unchecked and unrestricted. financial services are one of the biggest industries in the country because more people are investing. and yet, people are not generally being active in their fund management, they are letting things ride and they are assuming the best. it's seems to me that that is exactly the most dangerous time to be involved with something.

 

Drunkle, mind if I ask

1) what do you do for a living?

2) what are you doing in lieu of a 401k?

 

 

 

[patientrenter]

I agree with NYCLurker, and I have been involved in the industry of managing retirement and other long-term funds for 20 years – and, no, I’m not a blind believer in the endless high growth of equity values.

If you want to avoid the risk of investing in equities, you usually can choose a more conservative 401k option that has a more stable value. Personally, I would suggest that you invest at least some in some equity funds, especially if you are young. You need to form a strategy for the next 30-50 years before you come up with tactical adjustments for the next 1-5 years. Any very long-term strategy for a young person almost certainly should invove some diversified investment in equities. This board has more than its share of extremely rsk-adverse people focused on what investments will do over the next 5-10 years, who may not provide the best advice for someone looking to get the best return over a very long period, like 30-50 years.

If you think that the next 5-10 years will be times of excessive prices for equities, then just plan to allocate your 401k money to the fixed/stable accounts for that period, but try to maximize what you contribute to all these tax-favored accounts.

Best of luck,
Patient renter in OC

[patientrenter]

I agree with NYCLurker, and I have been involved in the industry of managing retirement and other long-term funds for 20 years – and, no, I’m not a blind believer in the endless high growth of equity values.

If you want to avoid the risk of investing in equities, you usually can choose a more conservative 401k option that has a more stable value. Personally, I would suggest that you invest at least some in some equity funds, especially if you are young. You need to form a strategy for the next 30-50 years before you come up with tactical adjustments for the next 1-5 years. Any very long-term strategy for a young person almost certainly should invove some diversified investment in equities. This board has more than its share of extremely rsk-adverse people focused on what investments will do over the next 5-10 years, who may not provide the best advice for someone looking to get the best return over a very long period, like 30-50 years.

If you think that the next 5-10 years will be times of excessive prices for equities, then just plan to allocate your 401k money to the fixed/stable accounts for that period, but try to maximize what you contribute to all these tax-favored accounts.

Best of luck,
Patient renter in OC

[patientrenter]

I agree with NYCLurker, and I have been involved in the industry of managing retirement and other long-term funds for 20 years – and, no, I’m not a blind believer in the endless high growth of equity values.

If you want to avoid the risk of investing in equities, you usually can choose a more conservative 401k option that has a more stable value. Personally, I would suggest that you invest at least some in some equity funds, especially if you are young. You need to form a strategy for the next 30-50 years before you come up with tactical adjustments for the next 1-5 years. Any very long-term strategy for a young person almost certainly should invove some diversified investment in equities. This board has more than its share of extremely rsk-adverse people focused on what investments will do over the next 5-10 years, who may not provide the best advice for someone looking to get the best return over a very long period, like 30-50 years.

If you think that the next 5-10 years will be times of excessive prices for equities, then just plan to allocate your 401k money to the fixed/stable accounts for that period, but try to maximize what you contribute to all these tax-favored accounts.

Best of luck,
Patient renter in OC

[patientrenter]

I agree with NYCLurker, and I have been involved in the industry of managing retirement and other long-term funds for 20 years – and, no, I’m not a blind believer in the endless high growth of equity values.

If you want to avoid the risk of investing in equities, you usually can choose a more conservative 401k option that has a more stable value. Personally, I would suggest that you invest at least some in some equity funds, especially if you are young. You need to form a strategy for the next 30-50 years before you come up with tactical adjustments for the next 1-5 years. Any very long-term strategy for a young person almost certainly should invove some diversified investment in equities. This board has more than its share of extremely rsk-adverse people focused on what investments will do over the next 5-10 years, who may not provide the best advice for someone looking to get the best return over a very long period, like 30-50 years.

If you think that the next 5-10 years will be times of excessive prices for equities, then just plan to allocate your 401k money to the fixed/stable accounts for that period, but try to maximize what you contribute to all these tax-favored accounts.

Best of luck,
Patient renter in OC

[patientrenter]

I agree with NYCLurker, and I have been involved in the industry of managing retirement and other long-term funds for 20 years – and, no, I’m not a blind believer in the endless high growth of equity values.

If you want to avoid the risk of investing in equities, you usually can choose a more conservative 401k option that has a more stable value. Personally, I would suggest that you invest at least some in some equity funds, especially if you are young. You need to form a strategy for the next 30-50 years before you come up with tactical adjustments for the next 1-5 years. Any very long-term strategy for a young person almost certainly should invove some diversified investment in equities. This board has more than its share of extremely rsk-adverse people focused on what investments will do over the next 5-10 years, who may not provide the best advice for someone looking to get the best return over a very long period, like 30-50 years.

If you think that the next 5-10 years will be times of excessive prices for equities, then just plan to allocate your 401k money to the fixed/stable accounts for that period, but try to maximize what you contribute to all these tax-favored accounts.

Best of luck,
Patient renter in OC

[Coronita]

NYCLurker or PatientRenter,

I'm curious. Have you ever met someone in their 70ies now who have remotely complained about contributing too much on a retirement account and are now getting taxed up the ars now? Just curious. Only reason why some people my parents are friends nearing this age have some of this concern.

[Coronita]

NYCLurker or PatientRenter,

I'm curious. Have you ever met someone in their 70ies now who have remotely complained about contributing too much on a retirement account and are now getting taxed up the ars now? Just curious. Only reason why some people my parents are friends nearing this age have some of this concern.

[Coronita]

NYCLurker or PatientRenter,

I'm curious. Have you ever met someone in their 70ies now who have remotely complained about contributing too much on a retirement account and are now getting taxed up the ars now? Just curious. Only reason why some people my parents are friends nearing this age have some of this concern.

[Author]

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