Reply #4: Define guaranteed

[Fla_Democrat]

If you mean FDIC insured, then do not look for any great rates.
Then again, a mason jar buried in the back yard isn't even guaranteed.

The standard response, well, on the 'money' board I read, is always put as much into the 401K, as the company will match. Why turn down 'free' money.

Now, seeing what you wrote about the stock market blood money, have you checked out socially conscious funds? A quick google ( http://www.google.com ) on social funds, or green funds, might find some options for a self directed ROTH or conventional IRA.

Now, this troubles me... "I want to recommend starting his own savings, which is harder to do, but at least it will be guaranteed!"

Why is that harder? :shrug:


Another option, if low risk is an option, might be to look into U.S. savings bonds. http://www.savingsbonds.gov/