Please explain 401k?
Discussion in 'Questions From New Drivers' started by Travelworld2067, Aug 12, 2018.
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Why would you think something is bad when you are fixing to plow a few hundred thousand into it?
It would be easier to pass a camel through the eye of a needle with such optimism. -
As far as the standard asset allocation scheme, I am in Dave Ramsey's camp. One should never have more than 3-5 years of retirement expenses in "conservative investments". It makes no sense to put money on the side lines at age 55, when a woman has an expected life expectancy of nearly 90. In the 35 years in between, inflation will devour that money unless invested in equity investments. The standard asset allocation model is what "everybody" says you should do, but I vehemently disagree with it, unless you are well into your golden years or you have a very small nest egg.
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