Old Hippie Posted October 28, 2006 Report Share Posted October 28, 2006 O.k. So for the financial whizes here...say hypothetically speaking, a poor airline mechanic had been socking away 20% of his meager salary in a 401K (Fidelity) and had some chump change saved up, spent the rest on taxes, bills and trips to LOS, what or how should he be investinging his money...? Say a Base salary of $60K (Cut from $80K ) Plus some over time... 401K is doing o.k. but is to restrictive, and as I am 44, and now lost my company pension, all I have is this 401K some stocks, and SSI...so essentially screwed...ideas, suggestions? Link to comment Share on other sites More sharing options...
shygye Posted October 29, 2006 Report Share Posted October 29, 2006 Buy a house or condo. Link to comment Share on other sites More sharing options...
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