20 years of 401k and now this?

Yeah it’s going to zero

If you would have squandered it all over the years like I did you’d feel a lot better right now.

It’s continuously blows my mind how it seems that 90% of the population doesn’t understand this concept. Why tf would you want to invest at the top for 30 years just so you can see an artificially inflated number in your account that you can’t even access. shite is on clearance, hope it stays here for a long time.

If you are truly close to losing it all after 20 years, you should consider letting someone else manage any future investments, you are not very good at it.

Have nothing and be happy bro


If you wanted to have something and be unhappy you should’ve showed up on January 6

On the contrary you don't really own anything with a 401k product

The market acts in such a way to take advantage of most of the population. 401ks are an effort to reduce the advantage that Wall St has over retail, since they generally force you to buy and hold

looks like i may lose the whole fricking thing. sumbitch.
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That's not going to happen, but

I know how you feel!

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401ks are a Ponzi scheme boomers invented to get out of paying you a pension

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I'd much rather a 401k with a healthy match and I get to choose my investment options over a pension that's company controlled. If your company goes belly up or it's poorly managed that pension COULD be in danger in some cases, with a 401k, doesn't matter.

I get why the personal responsibility angle though is not great with people and many dont put anything or very little away in their 401k....sometimes in large part due to a nothing or little company match which sucks.

Companies offloading pensions though made sense from a cost management standpoint, it just sucks so many didnt really invest in a 401k for employees either. I hate government intervention but considering how sad Social Security is I wish they could make some kind of minimum for company sponsored 401k plans, or take the safe harbor approach and increase it to qualify for safe harbor (think it's 3% of pay for most basic safe harbor).

I'm also one of those people who think Social Security should be elective, not mandatory, since the returns on it are such a joke for what you and employers put in.

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I'd much rather a 401k with a healthy match and I get to choose my investment options over a pension that's company controlled

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What if I told you the portfolios are constructed the same?

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I get why the personal responsibility angle though is not great with people and many dont put anything or very little away in their 401k....sometimes in large part due to a nothing or little company match which sucks.

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The law is "opt-out" versus "opt-in" in prior decades so this doesn't happen as often as you think. I'd say people over contribute to their 401ks moreso than under contribute.