12-24-2022, 06:17 AM
Why does everyone say save in a 401k?
<!-- SC_OFF --><div class="md"><p>I'm wondering why it seems everyone always is pro-investing in a 401k, even in bad market times? Many financial advisors only just encourage you to contribute more money to retirement savings, and it seems all of these advisors rarely ever will actually follow the market and/or expectations. I mean shouldn't people who's only job is to protect your assets actually be trying to do just that? Everyone still says 401ks are the way to go and ROTH IRAs - even when pretty much every Fortune 500 CEO right now is calling for a global recession next year. Many people are actually even calling for a huge stock market crash in January as the jobs reports start to reflect reality. And then there is the fact historically every time the fed pivots on interest rate hikes, the market crashes.</p> <p>​</p> <p>I do not see how it is a wise financial decision to put any money into the stock market until at least March 2023 or whenever the stock market does establish a bottom. In fact, one thing I don't realize anyone talking about more is IBONDS. Shouldn't financial advisors in times of economic uncertainty encourage people to invest in treasury backed, FDIC insured funds instead of "securities" that offer no security?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/f00dl3"> /u/f00dl3 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/zth62d/why_does_everyone_say_save_in_a_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/zth62d/why_does_everyone_say_save_in_a_401k/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>I'm wondering why it seems everyone always is pro-investing in a 401k, even in bad market times? Many financial advisors only just encourage you to contribute more money to retirement savings, and it seems all of these advisors rarely ever will actually follow the market and/or expectations. I mean shouldn't people who's only job is to protect your assets actually be trying to do just that? Everyone still says 401ks are the way to go and ROTH IRAs - even when pretty much every Fortune 500 CEO right now is calling for a global recession next year. Many people are actually even calling for a huge stock market crash in January as the jobs reports start to reflect reality. And then there is the fact historically every time the fed pivots on interest rate hikes, the market crashes.</p> <p>​</p> <p>I do not see how it is a wise financial decision to put any money into the stock market until at least March 2023 or whenever the stock market does establish a bottom. In fact, one thing I don't realize anyone talking about more is IBONDS. Shouldn't financial advisors in times of economic uncertainty encourage people to invest in treasury backed, FDIC insured funds instead of "securities" that offer no security?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/f00dl3"> /u/f00dl3 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/zth62d/why_does_everyone_say_save_in_a_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/zth62d/why_does_everyone_say_save_in_a_401k/">[comments]</a></span>