Just realized my friend thinks a 401k is a type of sports car

We were grabbing coffee in Austin and he said he was saving for a '401k' because it had great horsepower and a smooth ride. I had to explain it's a retirement account, not a Ford Mustang. How do people get this mixed up?

2 comments

2 Comments

hill.mila27d ago

My cousin in Dallas thought a Roth IRA was a new streaming service, like a competitor to Netflix. It's wild how financial stuff just sounds like gibberish if you've never had to deal with it. I blame the names they pick, they're all numbers and letters on purpose. Makes it feel like a secret club nobody explained the rules to.

jamie_price27d ago

A Roth IRA as a streaming service? That's a new one.