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> There isn't any real value to putting money into a 401k if you don't think the infrastructure to support it will be there when you get to your 60s. I thought
by jstarfish 3y ago
> There isn't any real value to putting money into a 401k if you don't think the infrastructure to support it will be there when you get to your 60s.
I thought that way when I was young too...then I learned how funds-matching and compound interest works.
Always save for retirement. You don't get a second chance to do it.
- hotpotamus 3y agoThe math gets a bit weirder if you think the country whose currency you're stockpiling may cease to exist. Obviously that's extreme, but I can understand those thinking about it these days - the US doesn't really seem to be in the business of solving problems anymore.
- blamestross 3y ago> I thought that way when I was young too...then I learned how funds-matching and compound interest works. I know very well how they work. It still isn't worth the penalties. There are better investments that can get more effectively leveraged sooner, while there are still things to spend it on. All evidence is that the next 30+ years are kinda going to suck, buy personal infrastructure, invest in your health, enjoy access to global travel while they are things you can spend money on. You won't even have the cash to burn to keep you warm if you leave it in a 401k forever.