Quote:
Originally Posted by MikeWaters
Most people in this country, I venture to say, don't have a 401k. Nor any kind of Roth or a tax-deferred retirement account. And it's not because they are so rich that they don't need one.
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Exactly. Those are the folks that are losing their homes.
The ones on whose graves you wish to dance.
PS partners do not lack 401Ks because they are "too wealthy." It is because often, the partnership docs preclude them...or, in the alternative, it is simply too expensive for the company to provide them to D&O. Once you make your capital contribution, you own part of the company, so in theory, there would be no need for a 401K. You just get distributions at retirement.