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Money and Finances
Reply to "401K Millionaires Record High"
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[quote=Anonymous]I have been working for 27 years and only 7 months of that for a company that offered retirement. You can imagine how many people I know who have no retirement accounts in my industry. Since they were not offered any, and workers couldn't sit down with HR and decide what to invest in, they most likely also don't know about IRA or Roth. As for you, did you know that if you had maxed out Roth for twenty years and trade inside of it tax free, you'd have several million $ and the pleasure of knowing how to trade. You wouldn't be here talking about your several 401k's being million combined. I have no 401k but to reach Roth on my own, I had to kick aside through several big companies who all pushed their funds. For me, trading and individual stocks were the way to go. Not only that people don't know how, they have professionals in their way with their own agenda. Same with 401k- very lousy returns. Why would you do that to yourself? Not to mention, they are all over the place with many rules about their use.[/quote]
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