Personal Finance and Investing

by not taking RMDs, one just keeps that much more money in their 401ks and IRAs. And not paying taxes means more money to keep saved/invested. I think we agree on that?

I'm not sure what the difference is between "Market Investing" and "savings".

My 401k had money market options, as well as fixed income (e.g. bond funds and CD) options, so one didn't have to invest in the stock market. And all the IRAs that I've had could be invested in simple savings account, or CDs, or just about any other so-called "safe" thing.

And I think a far bigger "con job" than stock market investing{1} is getting people to accept a return of a fraction of a percent on "savings", or 1.5% on CD's. The big banks are as much a part of Wall Street as Wall Street. (And the little banks and credit unions are just following along).

{1} ON EDIT - Before AHIA reads this, I want to make clear that I don't think of stock market investing as a "con job", but I realize that some of our more "progressive" members think it's the "Wall Street Casino" where the big boys rake off trillions in fees and all that baloney