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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Think4Yourself who wrote (74958)2/20/2008 11:32:19 AM
From: XBrit  Read Replies (2) of 116555
 
The funds available to me under the 401-K plan were pathetic. They had high fees and poor performance. If this is normal then it may not be a bad thing that people are raiding their 401-K's now.

Those of us who work in Silicon Vallety maybe have a different view of employer 401(k) plans. Since most of us change jobs every few years, the employer plan is really just a temporary place to park money. Then everytime we change jobs, most of us roll them over into a personal IRA account.

So the crappy employer plans are just a necessary evil en route to liberating the tax-sheltered funds.
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