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re: Roth IRA vs 401k

Posted on 3/3/15 at 3:49 pm to
Posted by Overbrook
Member since May 2013
6103 posts
Posted on 3/3/15 at 3:49 pm to
Any type of IRA is superior to a 401K EXCEPT that you can put a lot more money into a 401K. You have a lot more options with an IRA; 401Ks are basically tied to the mutual fund industry. Mutual funds are basically honest, but many hedge funds are not...the crooked hedge funds were aided in their theft of billions from the nation's retirement during the stock market crash by 401K dollars being tied to mutual funds and the inability of the individual investor to short or move his money quickly.
I like Roth better than tax deferred, but that's probably because I have about 20x the funds in a tax deferred.
This post was edited on 3/3/15 at 3:51 pm
Posted by sonoma8
Member since Oct 2006
7673 posts
Posted on 3/3/15 at 4:29 pm to
Not trying to hijack but since the OP has a 401K that is not matched, if he had one that was matched, would you max out the 401k 1st then go to roth?
Posted by Chris Farley
Regulating
Member since Sep 2009
4180 posts
Posted on 3/3/15 at 8:13 pm to
quote:

but many hedge funds are not...the crooked hedge funds were aided in their theft of billions from the nation's retirement during the stock market crash by 401K dollars being tied to mutual funds and the inability of the individual investor to short or move his money quickly.


Pretty slippery slope you had to slide down there to get all the way to "theft". Hope your arse isn't chapped anymore than it already was before.
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