Senator Rubio unveils proposal to reform retirement policy

[Ike Bana]

Originally Posted by whell

Pardon me for not being fully attentive to your ramblings.

You can cherry pick articles all day long. The long standing guidance from most investment professionals for the average Joe is to max out the pre-tax investment options first. Then with any left over funds available for investing, can them be directed to post tax investing options.

Most investment professionals my ass. Because you say it's most investment professionals? And for that matter, most investment professionals, are snakes not to be trusted with anybody's money. They're out there to make as much money as they can...and the only place it can come from is from money the investor should be making.

That said...nobody's arguing with the basics of your "long standing guidance" although who TF you might suggest oughta be providing this "long standing guidance" is subject to debate. We've been maximizing our pre-tax investing for years without the alleged benefit of a 401K program. And...if you actually read my earlier post...your suggestion that a $17.5K pre-tax investment offered by 401K programs is some sort of holy grail number you can't get anywhere but in a 401K program, you're flat out wrong. If we were not semi-retired and were bringing in the income we had 5 years ago, we would have the option of a pre-tax investment of over $50K.

Just because the cherry picking you're invested in suggests that such "long standing guidance" automatically includes a preference for 401K programs, doesn't mean it's anything but an opinion. And a shit opinion at that.

And in my opinion and the opinion of plenty of investment people who provide "long standing guidance", a 401K is not always, or perhaps even usually all that good a choice. The majority of Joe Lazy-Ass 401K investors aren't taking any responsibility for their portfolio, thus the majority of them aren't aware of, or doing anything about the losses they're incurring due to getting soaked for fees and expenses in their fabulous 401K.

, indeed.