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Reply to "Anyone NOT maxing out your 401(k) even though you're making decent money?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]*raises hand* we're contributing but not maxing out. We have really sound personal finance habits but very little faith in the future of the economy. Signed, disallusioned millennial.[/quote] I am curious where you put your money that you consider safer than a 401k, given your lack of faith in the future of the economy. Gold bullion? What investments do you think are immune to the collapse of the US economy?[/quote] None are. That's the point. Stay out of debt, have an emergency fund, live within means, put some away for a rainy day. If there's something you want to buy or do that will enrich your life, so it now. Spend the money. There's no guarantee that you and/or your money will be there later. [/quote] You are pessimistic about the future of the economy and your solution is "spend the money now and save less." That is a bad plan.[/quote]
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