Message Font: Serif | Sans-Serif
 
No. of Recommendations: 7
Hoax?

In my 401k, I have a large choice of investments, I get to put money in tax exempt, and I can trade without incurring taxes on the gains. There's even the matching money to consider.

Okay, so I have to actually put money into the 401k, but if I were investing on the outside, I'd have to put money in that as well.

Sure, having a 401k won't make you a multimillionaire in fifteen years by itself (for most people). But calling the 401k a hoax is like saying that the automobile is a hoax--it doesn't take you where you want to go effortlessly...you have to learn to drive it; plus you have to put gasoline in it, and you have to pay for the auto and the gas YOURSELF!
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.