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[quote=Anonymous][quote=Anonymous][quote=Anonymous]31, 100K , plan to spend it on buying rental properties and use that as retirement income. I have put money in 401k stock market for the last yen years and it hasn't some shit. The only, people making money in 401k are the people managing them. There should be a guarantee cause the return s have been crap. I also don't follow their advice and sold in 2008 and in april this year and made out pottery good. Dick investment bankers , 401k will be one of the biggest scams of our lifetime.[/quote]

I'm the PP, and I wonder about this quite a bit.  Like I mentioned, we've also been investing regularly (dollar cost averaging, blah, blah, blah) for the past 10 years, and I monitor returns.  Hasn't earned even the modest 3% that they say you can expect from the market.

I agree that it seems like the fund managers are the only ones making money.  Why else would they be in the business, I guess?

It's actually kept me from opening a 529 for DC.  I feel like the whole 529 thing could just be another scam that doesn't turn out as well as they promise.  I thought I remember even reading that some states are having issues with their plans.

(Not to throw this thread off-topic, just wanted to add my 0.02 because it can be SO frustrating to work so hard to save and see your money do NOTHING......)
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ITA - My opinion (not a financial advisor, so take it at face value) 529 is another way for the government to take away financial aid from students. I learned the hard way that any savings for college (investments, similar to 529) was subtracted from financial aid first, then from the bottom line. In addition to the loss from 2000 stock market plunge, my parents would have been better off stashing the money under a bed and paying for college with cash.[/quote]

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