What is a good 401k match for truckers?

I've met Cramer too and I have asked him where does he make his money. After a drink or two he said clearly where his money is made.

He said he makes his money off his tv show, web sites and books.

Here is the thing, 401k for most are tied to the stock market, back in 2009 people were crying because they lost a lot of money in their retirement funds. The stock market is like gambling, there is no guarantee that it will continue to rise or fall.

However if you want proof about the volatility of the stock market, remember Obama (not making this political) stated that the government should be covering losses of the stock market in people's retirement, which is stupid to think but shows the nativity that people have about 401k and other government allowed programs.

After loosing close to an accumulated million in my retirement, I found out how much of a scam it really is. So I did something different this time, I used the money through a Roth IRA and bought trucks. I set it up to make more money than the stock market with tangible assets. I recently transferred the holdings from the IRA to my ownership directly and put the money back into the roth, and now the roth is making more money other tangible businesses that I have purchased and/or setup.

IF I had a choice, I would never allow pre-taxed investing to happen, I would have post-taxed investing with no taxes on accumulated funds.

But the best retirement system is through the FairTax.

 

I have a 401K. It made me a lot of money that I am living on today. I'm also paying a reduced tax rate on it because I am not in as high a tax bracket as I was. However if you are expecting a 401K to be your only source of support long term you are going to be in for a rude surprise. As a personal opinion only, I am not expecting Social security to last all that much longer. Based on some research and other materials I have I don't look for it to last much past 2030. In my case I diversified my investments. Land being the primary one. In fact today I own several tracts in Georgia.

I'm going to agree with @Ridgeline though but only in some basic respects. I do advise 401Ks. Just be smart about it. The name of the game though is diversify!

 

The match is fine. Same one I get. I would just encourage you to tweak your views on the traditional vs say a Roth 401k. If Roth is an option, go with the Roth. It’s an after tax contribution. Why, you ask? Well say you retire with 1.4 million on retirement. An average return of 10% means you’ll be able to live on 140k tax free dollars. If you have a traditional 401k, you’ll have 140k dollars which will be taxable at the rate that 140k is taxed at THEN, not now. Now the marginal tax rate for almost every company driver is below 25%. I’d pay the taxes now and get the tax free growth. Especially as Americans get more and more socialist. You don’t want to leave your future subject to millennials who will soon be running for office.

 

Also, whichever option you choose... invest in retirement. Nobody should be required to do this for 30 years to have a decent retirement.

 

BLACK MONDAY almost wiped me out. By the time it was over I had lost almost 70% of my portfolio. By the time of the 2008 crash I had moved some of my investments around and it did not hurt me all that bad (even though it did some). In that 87 crash it took me almost 10 years to recover. If I had not been in for the long term I would not have recovered at all. When you invest you are in essence playing poker using corporate incomes as money. Understand the market, get good sage advisors and you can do VERY well. Get bad advice and/or make bad decisions, well all I can say is -----------

 

Oh Geez , guys run out get themselves a Foxtrot 20yrs younger , come home a month later and she's in bed with the 22 yr old next door.
Then they think all women are good for 1thing only.
My wife works 5 days a week , sat and sun she tends to the house the yard the 2 dogs and the bills.
In 20 yrs i haven't had a bill collector or a payee call me or my phone shut off , or a refusal of credit bc she didn't pay a bill.
But she is 60 and i am 57 , we don't drink and are non smokers too.
She reads the bible in bed each night for 15 mins.
They are not all bad ! ! !