An interesting article. My gripe with 401ks has always been the investment options and fees are “unacceptable”. Especially when you consider the real inflation rate.
I know I am a gold bug. But with the FED printing money and the subterfuge of them buying their own bonds, I think we are at risk of an even higher inflation. I remember the Cater inflation. And, I am not buying that the interest rate is zero.
I think an interesting facet is that the price of gas, which goes into every product indirectly, has actually decline in price since 1968. (Ron Paul said it best: “Three silver dimes bought a gallon of gas in the Sixties; today, those same three silver dimes equate to a gallon and half.”)
As a poor retiree, inflation is my concern. (If it evokes more sympathy, I’m also an orphan.) I realize that I probably personally have a lot to worry about. It’s really just me. But for posterity, this stinks. Hence my obsession on commodity bullion.
And, it is a way of avoiding the estate taxes.