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Message
re: How do you make your money grow?
Posted on 1/3/13 at 9:59 am to Fat Bastard
Posted on 1/3/13 at 9:59 am to Fat Bastard
quote:
Don't sink all of your money into a 401k. Put something towards something that will provide residual income during retirement when you don't have that weekly paycheck coming in.
I don't understand this unless the choices within your 401K suck. If my wife and my 401k's are worth, for example, $2,000,000 and it throws off 5% income a year then we have an income of $100,000. I know that as we get older the rules say we have to take out more out of our 401k. But, I would put anything over what I needed in another investment that would also yield something.
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