Category Archives: 401k

I think that article is completely accurate

Fred is very very good at helping people get out of debt, but his seven-step plan is deliberately oversimplified. Anyone who gets to the point of having significant money to invest would be well served by seeing a financial advisor and thinking about a more sophisticated analysis.

That said, I’ve got money in my 401k in bonds from times past, but I’m not adding any bonds at the moment, because it really is a bad time to buy them. And when I found myself saying “growth-stock mutual funds” to my 83-year-old mother, I took a step back and said that with her aversion to risk and possibly short time frame she was better off staying out of it.