wrote in message
...
On Thu, 8 Apr 2010 19:39:21 -0700, "nom=de=plume"
wrote:

Has anyone ever explained how many fees
you are paying for that 401k? It is one of the biggest scams in the
history of robbing the little guy and by the time the tax man gets
through with you, you would have been better off keeping your money
under your mattress.


401K are still a good deal. I certainly did really well with mine. They
matched a percentage, which was icing on the cake.

I agree the match was a good deal but the 401k itself, not so much.
Fees are typically several percent a year and over the life of a
career's worth of a 401k that can easily cost you close a million
dollars.
We still don't have a clue what the tax implications and market impact
will be when the boomers start pulling their money.
I have long predicted that the taxes on 401ks in the next decade will
end up being more than if you had just paid them when you earned the
money. I am looking at rolling mine into a Roth while these tax rates
are so low.


The 401K is the vehicle whereby people who work for companies save for their
retirement in a somewhat responsible manner. It's fine if you have the will
to do it yourself, but many don't.

Sure.. there's no absolute certainty that the tax rates will be lower for
those who retire. But, historically, that's what happens.

Roths are good if you can do it.

--
Nom=de=Plume