Not only 401K’s and IRA’s, but this should take the edge off the crisis in pension obligations. They are dangerously underfunded still, but it helps.
‘course getting the politically connected to stop skimming off the top wouldn’t hurt either.
They will lose it all in the coming weeks.
My four kids have all gotten new jobs in the last three months.
(well, there have and one has a second interview today. He is drug free and wants to be a trucker. He has his CDL so he should be able to get employed in a heartbeat.)
As in the past, I’ve made sure to counsel them all to sock away as much as possible now when they are young and single. It will be easier to do the same later and they will also be able to trim down the contribution if necessary.
Mine is strong and between it and some other investments (old 401K and an inheritance) I’m relatively confident of a decent retirement.
I’m heading there but have no doubt when I collect - long after Trump is out of office - it will be worth the price of a Love Drug Store coupon.
And, many of them are blue collar workers.
Mine’s doing very well indeed, but not quite that well. A 401(K) should be only one part of an investment strategy. Diversify, move slower, move safer.