- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
401(k)s are too risky for retirement
Posted on 5/8/12 at 7:14 pm
Posted on 5/8/12 at 7:14 pm
401(k)s are too risky for retirement
So much fail in this opinion piece, I don't know where to start.
I think my favorite is:
Way to hand pick data for your "research". So basically, they picked the worst possible scenario to argue that 401ks have "lost their shine". Horrible.
So much fail in this opinion piece, I don't know where to start.
I think my favorite is:
quote:
Recent research finds 401(k)-style defined contribution plans have lost their shine. IRAs and 401(k) plans lost a combined $2.8 trillion, or 47% of their value, between September 2007 and December 2008, the height of the economic recession.
Way to hand pick data for your "research". So basically, they picked the worst possible scenario to argue that 401ks have "lost their shine". Horrible.
2
Posted on 5/8/12 at 7:20 pm to CoolHand
I hope that's not serious and this guy is just doing some good old fashioned journalism aka professional trolling. Prob used to be a sportswriter or a polihack of some sort and decided to try a new game.
Posted on 5/8/12 at 7:31 pm to kfizzle85
Sad thing is: I know a lot of people like that.
Posted on 5/8/12 at 7:35 pm to kfizzle85
quote:
I hope that's not serious and this guy is just doing some good old fashioned journalism aka professional trolling. Prob used to be a sportswriter or a polihack of some sort and decided to try a new game.
Polihack.
quote:
Yvonne Walker is president of the Service Employees International Union (SEIU) Local 1000, which represents 95,000 California state employees.
In other words, it is her job to protect defined benefit California union pensions.
Posted on 5/8/12 at 7:38 pm to foshizzle
Now it makes sense. 
Posted on 5/8/12 at 7:45 pm to kfizzle85
Where the frick else are you supposed to put money away for retirement besides real estate and businesses (which have arguably been just as volatile)? Sure as hell beats relying on social security.
Posted on 5/8/12 at 7:50 pm to kfizzle85
I would have thought even CNN would be above publishing something this bad.
I'd probably laugh it off, but this type of misinformation actually sways people. I had a guy the other day tell me he got out of mutual funds and into individual stocks because mutual funds were too risky (!!!).
I'd probably laugh it off, but this type of misinformation actually sways people. I had a guy the other day tell me he got out of mutual funds and into individual stocks because mutual funds were too risky (!!!).
Posted on 5/8/12 at 10:33 pm to CoolHand
quote:
This means both that she needed to save more, and invest much more conservatively, than if she had a traditional pension.
Actually, it sounds like she needed to invest much more aggressively.
Posted on 5/9/12 at 7:12 am to CoolHand
I actually considered this a few weeks ago, but at the end of the day, you have to put money away in some kind of savings vehicle like a 401(k) (I know- I'm preaching to the choir).
My wife just sold 1 of her 3 businesses and we have been looking to use the profits from the sale to buy commercial property for 1 business instead of paying ungodly rent. So we haven't put anything away into 401(k) yet and I started wondering if we should abandon them all together and look for alternative investments, like businesses and commercial property.
I think we just need more diversity in our investments, so that (in theory) one thing is always appreciating in value and generating future income (property, stocks, etc) and hopefully, all of them appreciate together in the long run.
My wife just sold 1 of her 3 businesses and we have been looking to use the profits from the sale to buy commercial property for 1 business instead of paying ungodly rent. So we haven't put anything away into 401(k) yet and I started wondering if we should abandon them all together and look for alternative investments, like businesses and commercial property.
I think we just need more diversity in our investments, so that (in theory) one thing is always appreciating in value and generating future income (property, stocks, etc) and hopefully, all of them appreciate together in the long run.
Posted on 5/9/12 at 7:56 am to LSUGUMBO
quote:
My wife just sold 1 of her 3 businesses and we have been looking to use the profits from the sale to buy commercial property for 1 business instead of paying ungodly rent. So we haven't put anything away into 401(k) yet and I started wondering if we should abandon them all together and look for alternative investments, like businesses and commercial property.
I definitely don't think a 401(k) is the "be all, end all" of investing. It's just a way to tax shelter several different methods of investing. Investing in your business can be an excellent path to retirement (but probably shouldn't be your only one). However, what the author proposes is having the government save us from ourselves and create some type of guaranteed pension. By the way, haven't we had something like that since the 30's? How'd that work out?
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News