Why is it?

[Coronita]

[quote=nocommonsense]If you have Fidelity as your 401k provider, they have something called “brokerage link” that allows you to purchase stocks or anything you want for that matter. Ask your employer if they offer it.[/quote]

I think in several plans, you’ll get eaten alive by the fees/trading costs if your plans allows a self directed stock trading plan.

Second, the reason why several plans probably removed self-directed things can be summed up in 3 words… ‘Enron’s 401k “plan”‘

There is no such thing as a “safe/secure 401k”.

[moneymaker]

After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.

[moneymaker]

After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.

[moneymaker]

After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.

[moneymaker]

After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.

[moneymaker]

After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.

[UCGal]

[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]

My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.

While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.

A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.

My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉

[UCGal]

[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]

My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.

While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.

A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.

My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉

[UCGal]

[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]

My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.

While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.

A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.

My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉

[UCGal]

[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]

My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.

While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.

A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.

My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉

[UCGal]

[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]

My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.

While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.

A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.

My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉

[Anonymous]

[quote=HLS]Perhaps it is because the entire 401K premise is a scam? A phony sense of security encouraged by the bandits in govt helped along by lobbyists for Wall Street.

Any idea how much is being raked off the top in management fees regardless of whether the investor ever makes a single penny ?

It’s a serious consideration to put after tax money where you want it rather than being told where to put your pre-tax dollars.

If your 401K money was invested in rental real estate after tax instead in the right areas, the depreciation might rival the lost money.

I’d say that most people really don’t realize how big of a ponzi scheme the stock market is, and have just been brainwashed to believe “diversify & you’re in it for the long run” Wonderful advice from investment “professionals”[/quote]

I have yet to read or have someone explain to me in layman’s terms what our stock markets actually contribute to our economy. I understand the IPO’s for the purpose of growing a company or idea (or to make a few insiders unbeleivabley wealthy), but after that it seems no differint than Vegas, way stacked in the house’s favor, with the dealers telling you to double down on every losing hand.

[Anonymous]

[quote=HLS]Perhaps it is because the entire 401K premise is a scam? A phony sense of security encouraged by the bandits in govt helped along by lobbyists for Wall Street.

Any idea how much is being raked off the top in management fees regardless of whether the investor ever makes a single penny ?

It’s a serious consideration to put after tax money where you want it rather than being told where to put your pre-tax dollars.

If your 401K money was invested in rental real estate after tax instead in the right areas, the depreciation might rival the lost money.

I’d say that most people really don’t realize how big of a ponzi scheme the stock market is, and have just been brainwashed to believe “diversify & you’re in it for the long run” Wonderful advice from investment “professionals”[/quote]

I have yet to read or have someone explain to me in layman’s terms what our stock markets actually contribute to our economy. I understand the IPO’s for the purpose of growing a company or idea (or to make a few insiders unbeleivabley wealthy), but after that it seems no differint than Vegas, way stacked in the house’s favor, with the dealers telling you to double down on every losing hand.

[Anonymous]

[quote=HLS]Perhaps it is because the entire 401K premise is a scam? A phony sense of security encouraged by the bandits in govt helped along by lobbyists for Wall Street.

Any idea how much is being raked off the top in management fees regardless of whether the investor ever makes a single penny ?

It’s a serious consideration to put after tax money where you want it rather than being told where to put your pre-tax dollars.

If your 401K money was invested in rental real estate after tax instead in the right areas, the depreciation might rival the lost money.

I’d say that most people really don’t realize how big of a ponzi scheme the stock market is, and have just been brainwashed to believe “diversify & you’re in it for the long run” Wonderful advice from investment “professionals”[/quote]

I have yet to read or have someone explain to me in layman’s terms what our stock markets actually contribute to our economy. I understand the IPO’s for the purpose of growing a company or idea (or to make a few insiders unbeleivabley wealthy), but after that it seems no differint than Vegas, way stacked in the house’s favor, with the dealers telling you to double down on every losing hand.

[Anonymous]

[quote=HLS]Perhaps it is because the entire 401K premise is a scam? A phony sense of security encouraged by the bandits in govt helped along by lobbyists for Wall Street.

Any idea how much is being raked off the top in management fees regardless of whether the investor ever makes a single penny ?

It’s a serious consideration to put after tax money where you want it rather than being told where to put your pre-tax dollars.

If your 401K money was invested in rental real estate after tax instead in the right areas, the depreciation might rival the lost money.

I’d say that most people really don’t realize how big of a ponzi scheme the stock market is, and have just been brainwashed to believe “diversify & you’re in it for the long run” Wonderful advice from investment “professionals”[/quote]

I have yet to read or have someone explain to me in layman’s terms what our stock markets actually contribute to our economy. I understand the IPO’s for the purpose of growing a company or idea (or to make a few insiders unbeleivabley wealthy), but after that it seems no differint than Vegas, way stacked in the house’s favor, with the dealers telling you to double down on every losing hand.

[Author]

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