Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Pension plan or 401k?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote]What I’m so desperately trying to tell you, is that there’s a virus inside your retirement plan. It’s called a 401k, sometimes an IRA. It will not get you to retirement. It’s a virtual lock to fail. The average return for the typical American employee’s 401k the last two decades is less than 3.5%. [/quote] http://www.biggerpockets.com/renewsblog/2012/02/28/betting-on-your-401kira-for-retirement-youre-gambling-on-a-dead-horse/ The problem you face is tough. Pensions are under attack and public pensions more so. So, you can not count on the pension or the current benefits structure/payout. 401k sucks as a sole retirement plan(average returns are low, under 3.5%, most people do not see this b/c their contributions make it look like they are getting better returns). You will have to look at all your assets, project your needs in retirement and your risk level. I would hire a fianical planner for a consult. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
