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<blockquote data-quote="Justaloader" data-source="post: 4209035" data-attributes="member: 77989"><p>401k is generally a good idea. Just pray the stock market doesn't bottom out. It happened a few years ago and people lost a lot of money. Any investment is a gamble, and returns aren't guaranteed. That said, most studies and articles I've read show an average of 6% return or more over the long haul (20+ years) on a 401k. Of course that rate of return will vary depending on what funds you invest in. Another thing I suggest (mind you I'm not a finance expert) - is every year or so, look in on your investments and see how they are doing. If some of them are performing poorly, maybe consider moving those investments into different funds. I personally try not to go with a "set it and forget it" mentality, but to each their own.</p></blockquote><p></p>
[QUOTE="Justaloader, post: 4209035, member: 77989"] 401k is generally a good idea. Just pray the stock market doesn't bottom out. It happened a few years ago and people lost a lot of money. Any investment is a gamble, and returns aren't guaranteed. That said, most studies and articles I've read show an average of 6% return or more over the long haul (20+ years) on a 401k. Of course that rate of return will vary depending on what funds you invest in. Another thing I suggest (mind you I'm not a finance expert) - is every year or so, look in on your investments and see how they are doing. If some of them are performing poorly, maybe consider moving those investments into different funds. I personally try not to go with a "set it and forget it" mentality, but to each their own. [/QUOTE]
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