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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jim Willie CB who wrote (8727)2/26/2004 3:37:19 PM
From: CalculatedRisk  Read Replies (1) of 110194
 
Jim, I hope your friends are young!

most friends 401k accounts have ~1 yr income stored / jw

My mom's defined benefit plan pays her about 60% of her average salary over the last several years she worked. Just imagine what you would need to have in a 401(k) plan to have the same payout.

If you could earn 10% on your 401(k) (not likely when you are trying to protect the principle), you would need 6 years income in your 401(k).

If you could earn 5% (that is even tough these days without risk), you would need 12 years in your 401(k).

And your friends are probably the smart ones! What about the majority of BBs?

Best to you.
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