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401k

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Boomer mother-in-law demands son doesn't go out to eat so he can save for her retirement: 'Brian save your money, we have no 401k'

This family seems like they might need to clear some things up before their next dinner party. After marrying his wife, the Original Poster (OP) noticed his mother-in-law was always urging him to save his money. At first, he thought she was just looking out for him. It turns out that she actually plans to have her son-in-law fund her and her husband's retirement since they have no savings themselves. The entitled Boomer mother-in-law accidentally let this information slip when the family was al…
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'Even after our mistake, we had done exactly what he asked': Man demands his funds be transferred after $500k+ stock market loss, ignores advisor's warnings and loses more money

This story takes place during the 2008 financial crisis, but it's still a good lesson, nonetheless. And with today's volatile market, it's worth taking some notes from this man who lost over $500k, partially due to his representative's mistake and partially due to his own ignorance. This man wanted his money from his retirement account to be moved to a more stable market. Well, his rep misunderstood him and only placed his new contributions into a stable fund instead of moving all of his money.
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