September 25, 2022

401k Losses Frustrate Investors

401k investors have lost a bundle lately. But is it a problem with the 401k plans themselves? Jane Bryant Quinn of NewsWeek thinks so. “We need to be protected from our own mistakes”, she cries. How noble of her.

A 401k plan is an investment, in other words, a gamble. The problem with these investor’s returns is not with the 401k plans; rather, it is with the nature of a fickle economy, the frauds perpetrated by Enron, WorldCom’s management, among others, and participant’s own lack of understanding of investing. Let’s not fix something that is not broken.

marc

Marc is a software developer, writer, and part-time political know-it-all who currently resides in Texas in the good ol' U.S.A.

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