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Reply to "Cashing out 401K to payoff mortgage"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]401ks are a scam and rip off the only people making money on these are the investment fund companies http://money.cnn.com/2012/07/25/retirement/401k-fees.moneymag/index.htm[/quote] Well I made my first million through my 401(k). Have you made your first million yet? If so, how did you do it?[/quote] are you 50+ years old? The younger generation got screwed by you. You will be able to retire on the backs of your children who will not be able to achieve the golden parachute of government benefits, pensions, artificial stock / housing appreciation (housing before 2005, stocks before .com crash) etc... that are not available to us.[/quote]oh here it comes. The pity party has started. Wow, I wonder if the people who grew up during the Depression reviled their grandparents for having it easier than they did. Don't recall any Woody Guthrie tunes about the spoiled older generations. [/quote]
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