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Investing/Strategies / Retirement Investing
|Subject: Re: Secrets of the 0.2%||Date: 1/22/2012 12:35 AM|
|Author: ptheland||Number: 69952 of 83112|
Let me summarize the snip.
Earn a lot. And save a lot.
Brilliant advice. I'm glad we've got the brightest minds working on that. I never could have figured that out myself.
The only decent thing they had to say was that 401k plans aren't working out the way people had expected. And that's pretty easy to diagnose. 401k plans let you take the money out before retirement. Old fashioned pension plans generally didn't let you do that. Eliminate the ability to withdraw before retirement, and they'd work out a lot better for the rank and file.
PS - Is that the 0.2% or the 2%? That was the first tip off that the article was mostly useless.
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