Originally Posted by
Trip7
I don't buy bonds and never will. Unless the MBCBP is going to return at least 20% I want control of my own money. I'm shocked some are willing to give up control of their money just to defer taxes. That is poor capital allocation. Thankfully the majority see it that way as well. The MBCBP is DOA if not optional.
Are you saying you have a low/no risk method to make 20%? Snake oil must be in high demand. If we are trying to replicate something like a pension with relatively low risk and a guarantee of future income, then diversification and tapering over time is the only way to do it in a employee 401k. All this outside speculative investing is not part of the PWA retirement argument. Why are we not ok with adding a vehicle and sheltering more money? You know why there are lifecycle funds right? Bonds don't have to be a part of your portfolio but some income generating investments and tapering to more as you age is what a retirement account and employer funding is about. Not your roulette wheel du jour. Is your DPSP cash above $330K in earnings really going to retirement or even exist after using a roth rollover? I hope your scratch offs pay you well but I'd rather let my nest egg grow unencumbered and decide my income upon withdrawal. You talk a good game but there's no way you are getting 20% without significant risk.