Wrong, wrong, wrong, stupid. Taking the money out is absolutely the worst thing to do. You see people after years have all of their gains wiped out. -Richard Applegate

 

Wrong, wrong, wrong, stupid. Taking the money out is absolutely the worst thing to do. You see people after years have all of their gains wiped out.


Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 7 total Richard Applegate quotes in our collection. Richard Applegate is known for saying 'Wrong, wrong, wrong, stupid. Taking the money out is absolutely the worst thing to do. You see people after years have all of their gains wiped out.' as well as some of the following quotes.

I would try to talk to your employer and see if they would change the investments, ... You might as well try if the choices stink or the offerings are really expensive.

Richard Applegate

Delaying is really costly. If you don't have time on your side, you don't have compounding.

Richard Applegate

It's double taxation and fairly dumb. In my opinion it doesn't make a lot of sense to consider the non-deductible IRA route.

Richard Applegate

That money comes out with no taxes at all. That's truly amazing.

Richard Applegate

It's not very exotic, ... It's straightforward, logical thinking. But people get stymied. I don't think people think about making their money work for them at all, let alone how to make their money work for them when it comes to retirement investing with their 401(k) and IRA.

Richard Applegate