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View Diary: New IRS report confirms upcoming retirement crisis (95 comments)

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  •  Have to agree with jw on this one (2+ / 0-)
    Recommended by:
    akeitz, lgmcp

    If someone’s 401(k) has grown at 0.5% over the past five years they are doing something wrong. The annual rate of return on my very boring set of mutual funds is 7% over the past 5 years and 24% over the past 12 months. Most of that money is in a dumb old index fund.  

    I’m not a great investor either – I’m a saver and I’m not really interested in following the stock market. That’s why I put money into a boring index fund and don’t mess with it. Sure, I would rather have a pension to rely on but a 401(k) is the hand most of us have been dealt. If people are willing to put as much effort into it as they do researching a new car or the specs on a new laptop they can make the best of it.

    Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. - Groucho Marx

    by Joe Bob on Fri Sep 06, 2013 at 04:07:17 PM PDT

    [ Parent ]

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