I had a laugh scanning some of CNN Money today. My favorite giggle inducer was 3 Easy Ways to Boost Your 401K. I'll link to ithere, to keep me honest, but I'll tell you what gave me the giggles.
Easy Way 1: Up your contribution. (They gave the example of 6% to 10%). Wow. Mind blowing. Insert two smart-ass remarks here. 1) How EASY will that be when you are living paycheck to paycheck? 2) How do you make a small fortune? Start with a large fortune...
Easy Way 2: Change your asset allocation to get an 8% return. Hah hah. Shall we take accounts? Cash - interest is at best 1%, 10yr treasury bills at 2.7%, bonds at about 3%, dividend stocks at about 2.6%, regular stocks variable between some negative number and 20% if it was a smashing single year. And we apparently blithely forget the "past returns are not indicative of future results". So where is that dependable, sure-fire EASY 8% gonna come from?
Easy Way 3: Work until you are 67. Just don't get a psycho boss, a health issue, or God forbid, be a 50+ year old standing in the unemployment line. But those are EASY to avoid, right?
Its not the advice that gave me the giggles, but the EASY. Investing is worthwhile, but not EASY.