Nobody will read this.
1. Previous defined pension plans are a ponzi scheme
2. Most retired too early and will well outlive their pension plan contributions this is why almost all defined retirement plans except for the lucrative ones such as Exxon, are broke and the company will be bankrupt.
3. We live too long, a 30 year working career mostly can’t
fund a 40 year retirement
4. The money changers win, they take a lot out of managing 401s whether you win or lose
5. Hardly anyone has saved enough. You would have to save at least 25% of your gross income at a consistent rate of return in excess of 6% with no more than 3% inflation and no taxes on the saved amount or gain to fund a successful retirement
6. Most people will die penniless. We are headed for the largest geriatric indigent population ever seen.
7. The formula for retirement is really not very complicated but it is expensive and requires sacrifice while working and raising a family to fund it. There really ought to be a formula and a series of simple products for retirement yet most of the law forbids these. Why? The money changers don’t want there to be competition provided by a uniform product that people can evaluate, compare and buy. The money changers like the free-for-all confusion of individuals who are generally ignorant of how the system works holding mutual funds and common stocks. Remember, the money changers make money when you buy or sell and whether you win or lose.
Interesting and fitting that you say no one will read this. I have long believed both parties use social issues to us so we are distracted and can rob us blind.
It’s why most are unable to make and keep any wealth.