Quote:Purely in my opinion, CDs are a much safer investment over the long term than the stock market is. With a CD, you know your return. With a 401k...well, let's just say that a former coworker of mine lost about $50k the day that the stock market crashed by 700 points in 2008(?). Delayed his retirement by about a year. I don't want to be in his shoes. I don't want be stuck working until 66 because the market tanked and took my 401k with it.


I'm don't particularly care about being a millionaire, tbqh. I want my wife and I to live comfortably and not have to move for a new job in a new city every three years. That's good enough for me. If the minimum wage jumps by anywhere from 60-90% in an extremely short amount of time, artificial inflation might leave me no choice but to end up with a couple million dollars.