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The only actual point this article makes is that its hard to save up enough money to live off of for 20-30 years. You can't trash 401(k)s without providing an
by samolang 13y ago
The only actual point this article makes is that its hard to save up enough money to live off of for 20-30 years. You can't trash 401(k)s without providing an alternative that is better. It's hard to save for retirement. That's a fact of life. 401(k)s are one of the easiest ways to do it though.
- 3825 13y agoThe best thing about 401(k) is the employer-matching. Am I missing something? It is just an investment vehicle, right?
- samolang 13y agoPlus you don't pay federal income tax on the money when putting it in and then don't pay capital gains taxes on your gains year after year. They neglect mentioning that not paying capital gains on your 7% gains saves you more or less 1.4% of your money with is more than the 1% fee they complain about.