Quote of the day

Loading Quotes...

401(k)s of the poor and homeless?

the-destituteAs we watch the financial news and celebrate the market’s new highs*, let’s not forget those for whom these numbers really have no meaning. The poor and not so poor who simply haven’t saved. Nearly half of us have little to no savings at all.

* I know, the S&P 1500 of today isn’t the S&P 1500 of the year 2000, there’s some adjustment for the dividends along the way as well as inflation. One more reason the indexes are meaningless, it’s each year’s return that matters.

Leave a Comment