When I get older losing my hair
Many years from now
Will you still be sending me a valentine
Birthday greetings bottle of wine
--Beatles
Fido notes that 401(k) contributions were up in Q2. Two things to note. One, stock prices went higher in Q2. Higher prices attract people like flames attract moths.
Second, the last paragraph in the article associates retirement contributions with saving. For most people, this in incorrect. Saving is putting aside resources for use in the future. No risk.
Most people stick retirement monies into risky assets. They are not saving for retirement. They are speculating for retirement.
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1 comment:
Yes, but the allocation into equity mutual funds has been modest, at best, compared to money market accounts.
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