Your Retirement in 2021
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
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The Perma Bear Pessimist on the Stock Market
A pension is called a defined benefit pension and a 401K is a defined contribution. So here's the example, Andy, put $15,000 into a 401K and the average return of the stock market has been 10% roughly. Let's call it, let's say, let's give them an 8% return over 30 years. What? That's $1.8 million. Well, John, you saw like a fucking financial planner right now. I would much rather have a 401K where I know I see the money than some hope and promise that, hey, John, if you stick with us for 30 years, you're going to get 80% of your salary.
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