http://www.accumulatingmoney.com/the-top-faulty-retirement-assumptions/ Because wealth is better than poverty, if only for financial reasons. Mon, 06 Feb 2012 01:49:45 +0000 hourly 1 http://wordpress.org/?v= http://www.accumulatingmoney.com/the-top-faulty-retirement-assumptions/comment-page-1/#comment-27 Scott Thu, 17 Aug 2006 14:41:34 +0000 http://www.accumulatingmoney.com/the-top-faulty-retirement-assumptions/#comment-27 “I’ll be OK because I’m investing the maximum amount in my company 401(k) plan.” - the examples given in the paragraph following the statement are faulty - the comparison is between someone investing the maximum in their 401k with the "typical" 50 or 60 year old. People that max out their 401k are not "typical" and wouldn't engender the stated statistics in the first place. consider this - right now the max 401k is $15,000/year so over 10years you're looking at $150,000 in principal alone which by itself is above the $130,000 mark listed in the article. If a 50 or 60 year old only has $130k-140k then they more than likely havn't been maxing out their 401k and if they were, they certainly would not have been doing it for very long “I’ll be OK because I’m investing the maximum amount in my company 401(k) plan.”
- the examples given in the paragraph following the statement are faulty – the comparison is between someone investing the maximum in their 401k with the “typical” 50 or 60 year old. People that max out their 401k are not “typical” and wouldn’t engender the stated statistics in the first place.
consider this – right now the max 401k is $15,000/year so over 10years you’re looking at $150,000 in principal alone which by itself is above the $130,000 mark listed in the article.
If a 50 or 60 year old only has $130k-140k then they more than likely havn’t been maxing out their 401k and if they were, they certainly would not have been doing it for very long

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