Just curious, do people here have a 401k, money market accounts or IRAs? I’d be interested if people know what companies their savings account is actually invested in. Especially at the corporate level where you have a long term blended retirement fund, I’m sure some people will be surprised…
With pensions gone and Social Security unlikely to exist when Millennials and younger retire, we have no choice but to hand our retirement savings to Wall Street. Otherwise it’s impossible to even beat inflation long term, let alone to have enough compound interest to actually live off of.
You can set up your 401k to only invest in good companies, but again, it’s unlikely to be enough to actually retire off of. I wasted my best savings years trying to do this and failed. I don’t like it, but index funds that include small pieces of evil companies are pretty much the only valid option.
Just curious, do people here have a 401k, money market accounts or IRAs? I’d be interested if people know what companies their savings account is actually invested in. Especially at the corporate level where you have a long term blended retirement fund, I’m sure some people will be surprised…
With pensions gone and Social Security unlikely to exist when Millennials and younger retire, we have no choice but to hand our retirement savings to Wall Street. Otherwise it’s impossible to even beat inflation long term, let alone to have enough compound interest to actually live off of.
You can set up your 401k to only invest in good companies, but again, it’s unlikely to be enough to actually retire off of. I wasted my best savings years trying to do this and failed. I don’t like it, but index funds that include small pieces of evil companies are pretty much the only valid option.