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There are good 401ks and bad 401ks. Many of them offer Vanguard funds, which have almost non-existent fees. And you’re doing it completely wrong if it’s as much
by ericd 8y ago
There are good 401ks and bad 401ks. Many of them offer Vanguard funds, which have almost non-existent fees. And you’re doing it completely wrong if it’s as much work as you’re describing.
Pensions are often formed with unsustainably optimistic assumptions, and many of them will be insolvent at some point in the future. The temptation to mortgage the future for the benefit of the present is too tempting for people. Pensions do have a very nice set of attributes, but guaranteed benefits are hard to guarantee without being extremely conservative, which people have a hard time with.
- WorldMaker 8y agoIt's a full time job if you want moral/ethical responsibility and/or voting power, for instance to voice an opinion on something like leveraged buy out. Index funds are great, but you are delegating all moral/ethical responsibility and voting power to Vanguard (or Fidelity or whoever else runs the fund).