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Are you on Buffy's?700UW said:So since you are pimping 401ks are you on fidelity or wall street's payroll?
+1000WeAAsles said:No hatred whatsoever for either actually. Paint it as you want to though. I do not want a multi-employer union pension from ANY union.
My 401 did ok actually since I monitor and manage it myself. My personal losses were no where near as bad as others I know who don't follow the market. That also is something people should learn. It's called personal responsibility.
Why even $1M may not be enough for retirement
You've been saving like a miser to get ready for retirement. You've pinched pennies, kept that last car for what seems like an eternity. And now you've banked a cool $1 million for your retirement years.
Think you're set?
Well, you very well might be. Then again, you still might be short.
"The good news is there are more millionaires," says Richard G. Dragotta, at LPL Financial in Paramus, N.J. "Over 9 million people in the U.S. have $1 million or more." But, Dragotta says, $1 million might not mean you're wealthy: The new $1 million may be $2 million.
There is no perfect retirement solution today. There are no guarantees. A diversified portfolio of course is the best option. But you have to do your homework to attempt to get the best value and greatest returns? I've already posted many items further on up this thread that the readers can disect to see that a multiple-employer union pension fund does not create that best value. Unfortunately the product sold to fund that retirement option is not selling well here in the US at the moment. That product is union membership. As those ranks drop the fund has more difficulty making it's promised payouts and will need to reduce those promises as an absolute certainty.700UW said: