Comments by "TeeKay" (@teekay_1) on "The Retirement Gamble (full documentary) | FRONTLINE" video.

  1. 3 years later... The equities market is not "gambling". And it's not complex. It's a silly notion to get clicks. The market goes up and it goes down, and generally it's fairly rational. If you look at the market over time, on average you'll get a 7.5% return on your money annually. Some years it's much more than that, other years, it's much less, but over time, the market keeps up with inflation, and even when it drops it goes back to where it was in 5 months or less. You cannot time the market, you do income averaging, taking advantage of employer matches, and you pay yourself first. And when you retire, you have a lot of money in the market. It doesn't take special knowledge, and people who claim that simply don't want to understand it. Don't blame the system, blame yourself for not spending a few hours to learn how 401K's and IRAs work. The challenge of being a free people is it is your responsibility to run your own life.
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