Rule of 55

DriveInDriveOut

Inordinately Right
Actually the joke is on you------401k are an excellent retirement investment choice. You can choose to either have the money come out pre-tax (Traditional IRA) or post-tax (Roth IRA). The two big pluses w/401k's are time and compounding. It sounds like you are young(ish)-----you should not plan on either the pension or Social Security being there when it is time for you to retire.

They should not be thought of or treated as piggy banks.
No one asked you Dan.
 

What'dyabringmetoday???

Well-Known Member
Actually the joke is on you------401k are an excellent retirement investment choice. You can choose to either have the money come out pre-tax (Traditional IRA) or post-tax (Roth IRA). The two big pluses w/401k's are time and compounding. It sounds like you are young(ish)-----you should not plan on either the pension or Social Security being there when it is time for you to retire.

They should not be thought of or treated as piggy banks.
Not everyone can squirrel away the cash like you did. Lol.
 

MethodsMan

Well-Known Member
Actually the joke is on you------401k are an excellent retirement investment choice. You can choose to either have the money come out pre-tax (Traditional IRA) or post-tax (Roth IRA). The two big pluses w/401k's are time and compounding. It sounds like you are young(ish)-----you should not plan on either the pension or Social Security being there when it is time for you to retire.

They should not be thought of or treated as piggy banks.

Unless you’re in the West. The WCT plan is in the green and within 5 years should be self sufficient. Best planned pension in the country.
 
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