No. of Recommendations: 1
"What is in your 401(K) today is pretty meaningless. We could have another terrorist event tomorrow, and your 401(K) could become a 201(K) in the joke that became all too weary in the aftermath of 9-11 and Enron in 2001. Or the cure for cancer could be found and no one would ever die (OK, slight sarcasm here) and a paltry million or two in your 401(K) wouldn't begin to be enough for your new life expectancy in retirement. A lot of things could happen."

Ahh, the old "live for today, for tomorrow you may die" school of planning.

This is the "plan" most Americans follow.

Of course, most Americans retire with little or nothing.

This is the mind set guaranteed to ensure that you will be eating government-provided dog food in your retirement!

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.