Signs you have a good 401k plan

Good 401k.  There is no such thing.

Viva Occupy Wall Street

@ Shelly Schwartz: (cont’d) 3. Throughout my early years in the Military and working to support a family I was told, “The Stock Market was for the wealthy to play with. Gambling with the Stock Market was ‘Inherently Risky’ and was only for those who could afford the risk!” When did that change? When did it become OK to gamble with my ability to provide for my later years! 4. The only thing I find of value in all of these articles is the warning that, “You are on your own and should not rely on your employer or the government to provide for your retirement!” It is possible, but unlikely, to save enough to retire and enjoy the “Golden Years” of our lives if, as you state, you start at a very early age and keep saving until you get there. I still remember the large number of people who followed all this great financial advice and ended up losing most of their life savings just when they were getting to the point where they would be retiring! What did they do wrong?

@ Shelly Schwartz:  1. I am getting worn out by all of these articles about how to retire on a 401K. I do not have fund choices in my 401K to provide the 8%-10% return that would be required to get to the "Golden Number" of dollars that I will need to "Retire". None of the funds are getting that kind of return! 2. All of you, supposed, financial advisors (or reporters) keep mouthing the same junk about "long term" holding of assets and "riding out the ups and downs of the markets". Meanwhile, you experts are not tied to the markets the same way that we are. Just like "Fund Managers" you make yours even if we are bankrupted by the market losses. We that work in the normal world of employment should not be "Playing The Stocks & Bonds Markets". We cannot bear the "RISK" associated with "Playing the Market"!

I just retired, took my 'deferred compensation' cashed it out and put it in a money market account with my Credit Union.  I do get State retirement and SS.  I'm too young and still healthy.  I've always lived from paycheck to paycheck and know how to live from p to p.  Through the years I didn't worry too much as I have made it this far.  I own my own home, my truck is almost paid off and I plan on "living" the rest of my life as I have been.  Shoot me when I can't get out of bed in the morning.  I plan to travel, and just have the best time of my life.  I'm not monetarily rich but humanly rich.  Friends, relatives etc.  My credit is fair and I don't care.  Got my family and friends to enjoy the rest of my life with and I am 63.