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J Hutt
The Plain Bagel
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Comments by "J Hutt" (@jhutt8002) on "Investment Analyst Reacts to MORE Investing TikToks" video.
I get his critisism towards 401k. I think what people fail to see is two important points: 1) If you really need the money, that's not accessible, it can lead to severe repercussions in the long run, and effectively ruin your life. 2) People always expect to retire. I don't know why. I guess I may survive to be old enough to retire, but then I don't know what kind of world it is then. Is there anything left of my retirement if world economy collapses, or we get a major war involving western countries. Or maybe I die of heart attack two years before retirement like my grandpa did. Anyway, I don't have a horse in that race. Being finnish, our retirement is automatically taxed from our salary and there's really nothing for individual to do about it. A part of living in country with a strong social security.
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