Atlas Shrugged: The Mocking

Friday, August 13, 2010

Less Fiduciary Megan:

Shorter Megan McArdle: Your 401(k) and IRA are toast.

Shorter Megan McArdle: I am maxing out my 401(k) and IRA.


Downpuppy said...

Welllll - in the retirement article she was pushing returns of 2-3% over inflation & suggesting higher savings rates, not lower. And retirement plans have advantages in tax, asset protection* & sometimes matching that make them fairly good options.

So she may be wrong, and does arglebargle a few things in her personal plans, but isn't really being inconsistent to pile into the retirement savings.

*e.g., if she files Chapter 7 or Suderman finds a hole in the pre-nup

Susan of Texas said...

I think she was just gloom-and-dooming to advocate getting rid of social security.

I wonder why she doesn't think inflation will be a problem in 5-10 years? I've been reading the opposite but don't know enough to argue the point.

Downpuppy said...

Don't EVER wonder why she thinks something.

You know damn well that way likes madness.

Kathy said...

I expect she writes what she's told to write: disparage Social Security and praise IRAs and such, since banks get all the money instead of some Gov trust fund.