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Too long to explain but in short...you put 100% of your money to invest, you take 100% of the risk, after management fees and taxes, 80% of your money is gone. Do research and you will see. The managing fee are robbing you blind.
401k works best if the person also have a pension with it, and of course collects social security. People who put money in 401ks get matching contributions from their employers and depending on what assets you are invested in, you may do reasonably well.
Too long to explain but in short...you put 100% of your money to invest, you take 100% of the risk, after management fees and taxes, 80% of your money is gone. Do research and you will see. The managing fee are robbing you blind.
401(K)'s are great if one is getting matching funds from their employer, which many do. The City's 457 can't be beat, especially since 457's do not have an age requirement for making withdrawals upon retirement.
Too long to explain but in short...you put 100% of your money to invest, you take 100% of the risk, after management fees and taxes, 80% of your money is gone. Do research and you will see. The managing fee are robbing you blind.
Ahh, so you don't want to take the risk. You want the taxpayers to guarantee you an annual rate of return and take 100% of the risk. I see...
Nobody managing an index fund is charging 80% AUM.
Fees for index funds are usually well under 1%.
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