I'm 33, have a good job, bought a house last year (with mortgage), no children (yet). I currently have both a 401k (set up through work - current value is around $45,000) that I make regular contributions to, and a Roth IRA (at last check, was worth around $22,000 and I'm making small contributions towards that).
Having said that, I have no faith at all in the market. I'm in mutual funds, and I am still leery. I don't trust the greedy bastards that tweak the market in their own favor, nor do I trust the asshole politicians to have the balls to actually provide proper oversight and regulation, meaning I know the market is going to crash again soon, and I'm going to get screwed. I'd stuff my money under a mattress if only I didn't know that it would lose value due to inflation. I could also keep the money in a savings account where it makes 0.0000001% interest (or get involved in a CD which pays a slightly less embarrassing amount of interest) and lose value.
Are there any alternatives to saving for retirement that I haven't been made aware of?
Read more: Are there alternatives to retirement saving?
