"Then you get to a point in your late 20s or early 30s and you’d like to buy your first small apartment, perhaps, and you don’t have the downpayment. A 401K, though it’s great, doesn’t help..."
Except that you can take money out of your 401k for a down payment on a primary residence. (I did it, so I know it works.)
On Setting the Record Straight: Yaffa Fredrick on the NYT Column About Her Restaurant Spending
"Then you get to a point in your late 20s or early 30s and you’d like to buy your first small apartment, perhaps, and you don’t have the downpayment. A 401K, though it’s great, doesn’t help..." Except that you can take money out of your 401k for a down payment on a primary residence. (I did it, so I know it works.)