One of my faves is the 401K which was sold by Teddy Kennedy and the dems as a supplement to your retirement, and then the Pubbies spent ages sayin this SHOULD BE your retirement
For 30 years I have heard the arguement that the big companies and unions got greedy so here is your 401K option, “and its freakin easy!” any johnny lunch bucket can do it! LOL
But the Finance wizards at the huge employer were unable to figure the pensions out.
May I suggest we are getting screwed from both ends?
Hows that FREE healthcare workin for ya?
We are on our own folks and most of your neighbors lie to you about thier balances
Nothing wrong with people being responsible for saving for their own retirement. It’s not a company’s responsibility to take care of their employees from hiring to the grave. Most companies and public sectors providing big pensions are going broke. Most have severely downsized the pensions, of the companies still offering them.
The problem is government intervention in the stock market and a diminishing economy that creates bubbles that lose the average 401k investor money.