Relying only on your employer's 401(k) is risky. One person spreads retirement savings across different assets so if one market segment tanks, he can draw from another without touching his principal. Most people don't get taught this.
Because a lot of people are like, I'm fine. I have my 401 that's through the company that I work with. And that's all your eggs in one basket. I personally, I have a couple of different baskets that are based around different parts of everything so that when I do retire, I can either pull from this basket or if the economy is really— it's garbage right now, I won't touch that one because I don't want my dollar to be less than what I put into it. I feel like that is something that a lot of people just don't understand. And once again, it goes back to the lack of education.
Oh, I have so much to say about this. Um, so, uh,
