The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: The 401(k) World||Date: 5/3/2013 5:08 PM|
|Author: intercst||Number: 72165 of 82018|
<<And we have abundant evidence that, left to their own devices, a very large share of middle class savers will make the wrong choices.>>>
Why is that, do you suppose? Why are my husband and I (along with most here) so abnormal?
The average person can't balance a checkbook and has no idea of what compound interest is. The people who frequent TMF, Morningstar, Bogelheads, etc. are probably in the top 5% of financial knowledge.
If we don't come up with some way to keep the large majority of the population from being swindled by Wall Street and the insurance companies, the minority that did invest wisely will end up supporting them in retirement through higher taxes.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|