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Was the 401(k) a Mistake? How an obscure, 45-year old tax change transformed retirement and left so many Americans out in the cold. (www.nytimes.com)

submitted 6 months ago by Blaze@reddthat.com to c/personalfinance@lemmy.ml

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[–] shortwavesurfer@monero.town 1 points 6 months ago (1 children)

Oh, I understand. I get that the money is invested in things that will grow over time, but you're still having to take risk in order to get that return. Otherwise, what happens is you lose your money to inflation. At least with gold, it's a steady rise and will not fluctuate a whole lot. Gold holds your purchasing power with very little risk at all.

[–] Please_Do_Not@lemm.ee 2 points 6 months ago

You'd find very few financial advisors or experts who would recommend putting your retirement portfolio entirely in gold.