[SamAdams76]

Ah the great 401k scam. Give me part of your paycheck and I'll give you ONE MILLION DOLLARS in 30 years. It's great I'll give you a tax break to do it! Come on now, nothing to lose here. You can manage it but not cash it in, unless you are ready to PAY to use your own money.

Something tells me your company doesn't offer one and you are just jealous of the rest of us!

It certainly is possible to build up a fortune of a million dollars or more in a 401(k). There is no "scam" about it. You are simply using the principle of dollar cost averaging to build wealth gradually. A method of wealth creation as old as capitalism itself.

[Night Hides Not]

Thankfully, I work for a great boss. Her company contributes 12% of salary into our SEP every year. I have a choice between 15 different funds of a major fund family.

Conversely, we each 'contribute' 6.2% of my salary into Social Security every year. I have ZERO choice on how to invest that money.

Despite my bad picks over the past two years, I feel confident that I will get much more value from my SEP at retirement than from Social Security.

Anybody care to disagree with me?

[CJ Wolf]

no I got one, But it's a scam, a gamble if you will, designed by the government to trick you into pouring your paycheck into business and the market, sure they offer you the carrot in exchange for tax breaks, the companies even give "matching" contribs, but they are also 'tax breaks'. But mark my words: You will be a victim sooner or later.

Tell me now. What will the market be like in say oh, 10 years? hmmm how bout two?

Never mind you can't, someone is always left holding the bag, it will be you, or maybe you will be one of the lucky ones... I heard that people once used to use worthless stock as wallpaper, maybe, oh yeah, you don't even get certificates anymore.

Scam I tell you...grumble grumble.