Quote:
Originally Posted by LuxLiving
I don't think we've a long enough time span w/people actually investing for their own retirement in these relatively new products to gain a wide perspective of how well we're doing as a nation of retirement savers, and just taking 401-K's as the basis NOW is going to end up w/a false picture.
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Another very good point. 401k plans have only been around for about 20 years and it has been less time than that that they've been widespread and popular. Most workers nearing retirement today have spent the bulk of their working years without a 401k plan to contribute to.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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