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Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold. (www.nytimes.com)

submitted 6 months ago by Blaze@reddthat.com to c/personalfinance@lemmy.ml

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[–] OldWoodFrame@lemm.ee 5 points 6 months ago

Putting a percentage of your income in the stock market is a very good idea. Even if you're a conspiracy person and you think a mysterious "them" controls the world, "them" are rich people who own stocks. They will make sure the value of stocks go up.

If you're not a conspiracy person, just look at history. The value of stocks always goes up in the long term, and you hold retirement accounts for the long term.