Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

Author Topic: Everyones thoughts on 401K  (Read 5492 times)

0 Members and 1 Guest are viewing this topic.

Offline Miss_Fluffy

  • Jr. Member
  • **
  • Posts: 233
  • Reputation: +20/-1
  • Gender: Female
Everyones thoughts on 401K
« Reply #45 on: June 29, 2011, 06:51:17 AM »
  • Thanks!0
  • No Thanks!0
  • Oh I wasn't worried about the OP.  It just behooves me to tell someone that they'd best seek better answers from professionals who know what they're doing.  Even if they are professionals who *gasp!* earn a living doling out such advice.


    Offline gladius_veritatis

    • Supporter
    • *****
    • Posts: 8017
    • Reputation: +2452/-1105
    • Gender: Male
    Everyones thoughts on 401K
    « Reply #46 on: June 29, 2011, 07:36:34 AM »
  • Thanks!0
  • No Thanks!0
  • Quote from: Miss_Fluffy
    Investing is more complex than picking one day, then picking another day and saying "I'm gonna buy my shares on this day, and sell them on this day".  You really have to know what you are doing and it's quite complex.


    It is also quite rigged.  Yes, there are still some decent investments that can be made but, on the whole, the market has been turned into a giant casino -- and the house always wins.

    While you may disagree with some of what he says (I do), you also might enjoy and learn a lot from Max Keiser.  He used to work on Wall Street and even designed the software used in the computers that are now responsible for the vast majority of trades.  His insights into how the system really works are brilliant, IMO.

    If you are interested, here is his site: http://www.maxkeiser.com

    As for the professional advisors, I reiterate that far too many do not even understand the nature of our monetary system. SOME do, to be sure, but it is wise, as you say, to ask them a handful of simple, focussed questions.

    Anyone, professional or amateur, who wishes to speak intelligently about financial matters must, IMO, first grasp the nature of our debt-money.

    What real good does it do a man to speak intelligently about one of a thousand small pictures (stocks, for example) if he is more or less ignorant of the nature, or even the existence of the big picture?
    "Fear God, and keep His commandments: for this is all man."


    Offline Philothea3

    • Jr. Member
    • **
    • Posts: 460
    • Reputation: +168/-57
    • Gender: Female
    Re: Everyones thoughts on 401K
    « Reply #47 on: January 25, 2023, 12:24:53 AM »
  • Thanks!0
  • No Thanks!0
  • Ok I apoligized if I was not supposed to reply to old topic anymore, but I wasn't sure and thought I shall not start a new topic with this existing?
    Anyway I guess my silly scruples with 401k is that how am I sure that I can live till 60 years old or even be in this country till 60 years old? I'm only in my 20s and it just seems too far-fecthed for me to invest for 30 some years later :facepalm: I would think why wouldn't I use that money to eventually buy a house with less loan I need to take :confused: Besides I'm a woman and I'm most likely getting married and quitting a coporation job, so maybe I'd rather spend that money for future family expenses.
    Click to view signature design
    THY WILL BE DONE ON EARTH AS IT IS IN HEAVEN, so that we may love you with all our heart, by always having you in mind; with all our soul, by always longing for you; with all our mind, by determining to seek your glory in everything; and with all our strength, of body and soul... 
    - St Francis de Assisi

    Offline Yeti

    • Supporter
    • ****
    • Posts: 3475
    • Reputation: +2003/-447
    • Gender: Male
    Re: Everyones thoughts on 401K
    « Reply #48 on: January 25, 2023, 12:46:17 AM »
  • Thanks!0
  • No Thanks!0
  • What the ?

    A 12-year-old thread? You can't be serious?

    Offline moneil

    • Full Member
    • ***
    • Posts: 617
    • Reputation: +456/-43
    • Gender: Male
    Re: Everyones thoughts on 401K
    « Reply #49 on: January 25, 2023, 10:55:23 AM »
  • Thanks!1
  • No Thanks!0
  • Anyway I guess my silly scruples with 401k is that how am I sure that I can live till 60 years old or even be in this country till 60 years old? I'm only in my 20s and it just seems too far-fecthed for me to invest for 30 some years later :facepalm: I would think why wouldn't I use that money to eventually buy a house with less loan I need to take :confused: Besides I'm a woman and I'm most likely getting married and quitting a coporation job, so maybe I'd rather spend that money for future family expenses.
    On the other hand ... you could live to be 100 as my mother (this upcoming feast of St. Joseph will be the first anniversary of her funeral Mass).  She needed to be in assisted living (which isn't inexpensive) the last year and one half, and while we her family would have done whatever was needed to provide for her care, we were fortunate that she had made provision for that in her estate planning.  You could also end up being a spinster and not have a husband's retirement savings to live off of or children to support you in your dotage.

    As unpredictable life circuмstances change retirement savings can be taken out early, to buy a house with less loan for example.  Yes there may be a penalty, that may be off set by the initial tax savings though.

    The only excuse I can think of for someone not making some provision for when they are no longer able to work (which can come earlier than some people expect) is if they enter religious life (Holy Orders, the convent, a monastery).


    Offline St Giles

    • Supporter
    • ***
    • Posts: 812
    • Reputation: +366/-63
    • Gender: Male
    Re: Everyones thoughts on 401K
    « Reply #50 on: January 25, 2023, 09:03:17 PM »
  • Thanks!3
  • No Thanks!0
  • What the ?

    A 12-year-old thread? You can't be serious?
    It helps keep information consolidated, so there aren't several threads to search through on the same topic.

    And there's the added benefit of an old thread getting bumped for those who might find it an interesting read.
    "Be you therefore perfect, as also your heavenly Father is perfect."
    "Seek first the kingdom of Heaven..."
    "Every idle word that men shall speak, they shall render an account for it in the day of judgment"

    Offline Philothea3

    • Jr. Member
    • **
    • Posts: 460
    • Reputation: +168/-57
    • Gender: Female
    Re: Everyones thoughts on 401K
    « Reply #51 on: January 25, 2023, 09:43:59 PM »
  • Thanks!1
  • No Thanks!0
  • It helps keep information consolidated, so there aren't several threads to search through on the same topic.

    And there's the added benefit of an old thread getting bumped for those who might find it an interesting read.
    Yes, I specifically searched first to see if there's already a topic on it.


    Click to view signature design
    THY WILL BE DONE ON EARTH AS IT IS IN HEAVEN, so that we may love you with all our heart, by always having you in mind; with all our soul, by always longing for you; with all our mind, by determining to seek your glory in everything; and with all our strength, of body and soul... 
    - St Francis de Assisi

    Offline Nadir

    • Hero Member
    • *****
    • Posts: 11662
    • Reputation: +6988/-498
    • Gender: Female
    Re: Everyones thoughts on 401K
    « Reply #52 on: January 26, 2023, 04:42:42 AM »
  • Thanks!0
  • No Thanks!0
  • It helps keep information consolidated, so there aren't several threads to search through on the same topic.

    And there's the added benefit of an old thread getting bumped for those who might find it an interesting read.
    I agree with you.

    Yes, I specifically searched first to see if there's already a topic on it.
    I do that too.
    Help of Christians, guard our land from assault or inward stain,
    Let it be what God has planned, His new Eden where You reign.


    Offline B from A

    • Full Member
    • ***
    • Posts: 1106
    • Reputation: +687/-128
    • Gender: Female
    Re: Everyones thoughts on 401K
    « Reply #53 on: January 26, 2023, 08:16:21 AM »
  • Thanks!0
  • No Thanks!0


  • It helps keep information consolidated, so there aren't several threads to search through on the same topic.

    And there's the added benefit of an old thread getting bumped for those who might find it an interesting read.

    I agree.  I prefer a bumped thread which already covers the topic over reinventing the wheel.  






    Yes, I specifically searched first to see if there's already a topic on it.

    I do that too.