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<blockquote data-quote="Oldfart" data-source="post: 2900953" data-attributes="member: 64407">Lack of a match?&nbsp;&nbsp; We get 3.5% to our 6%.&nbsp; &nbsp; A 401k should not run out of money if it is invested properly. Like my example.&nbsp;&nbsp; If you take 4% yearly and draw a conservative 4 or 5%,&nbsp; you are basically pulling interest only from the account.&nbsp;&nbsp; You seem to forget the account will still be invested and growing while you are drawing from it. Lack of choices?&nbsp; &nbsp;&nbsp; We have plenty of choices with. Vanguard and they have an excellent track record.I have never heard anyone say a 401k is a poor option for retirement,&nbsp; other than you.&nbsp; While a pension is a great tool because it was provided by the employer at no cost, I know very few people who are able to comfortably retire with a pension alone.&nbsp;&nbsp; In many instances, the 401k is the backbone on the retirement process.&nbsp;&nbsp; If you want to live on 50% of your working income when you retire,&nbsp; depend solely on your pension.&nbsp;&nbsp; If you want to totally replace your working income in retirement, you are gonna need a good 401k in place.</blockquote>

[QUOTE="Oldfart, post: 2900953, member: 64407"] Lack of a match? We get 3.5% to our 6%. A 401k should not run out of money if it is invested properly. Like my example. If you take 4% yearly and draw a conservative 4 or 5%, you are basically pulling interest only from the account. You seem to forget the account will still be invested and growing while you are drawing from it. Lack of choices? We have plenty of choices with. Vanguard and they have an excellent track record. I have never heard anyone say a 401k is a poor option for retirement, other than you. While a pension is a great tool because it was provided by the employer at no cost, I know very few people who are able to comfortably retire with a pension alone. In many instances, the 401k is the backbone on the retirement process. If you want to live on 50% of your working income when you retire, depend solely on your pension. If you want to totally replace your working income in retirement, you are gonna need a good 401k in place. [/QUOTE]

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