For retirement? 401k or IRA. But people don't use them because they don't earn enough money.
Retirement: A third have less than $1,000 put away
- Thread starter signalmankenneth
- Start date
For retirement? 401k or IRA. But people don't use them because they don't earn enough money.
Cancel 2020.1
Canceled
When did I "lie about it being fact?"
First of all, a study doesn't make it "fact." There are contradictory studies for many topics; conclusions don't make them fact. Second, all you had given was your opinion.
So, where have I "lied about facts?"
Cancel 2016.2
The Almighty
So are you going to cut your renters rates?
I don't mock 401ks as a good investment vehicle. I mock them as a good public policy and a replacement for the defined benefit pension.
Cancel 2016.2
The Almighty
but you JUST got done telling us the 401k's don't work in your opinion.
Cancel 2020.1
Canceled
They absolutely do. Government deficits directly affect investor confidence, which affects the market, which affects jobs & retirement.
It's a pretty simple equation, dopey.
Cancel 2016.2
The Almighty
So you think they are good investment vehicles and thus we shouldn't use them to save for retirement?
No. I think they are good investment vehicles and we should use them to save for retirement. But most people don't use them becuase they don't make enough money and would be a whole lot better off with a defined benefit pension.
Why do you think all employers can provide a defined benefit pension? What about all of the "defined benefit pensions" that are seriously underfunded and bankruptcies that end any companies obligations?
Who are all these people who don't make enough to use them? Most small companies cannot afford a "Defined benefit pension". What happens to these "defined pensions" when the companies underfunding them go bankrupt?
I'm rather amused that you believe that a company is not taking the cost of managing such "defined benefit programs" out of the compensation of those they employ. Do you think it is just "extra" money the employees get?
evince
Truthmatters
super cant think that way.
Its all bad if the left likes it and all good if Koch brothers pay to advance the idea
evince
Truthmatters
Good point SS for everyone and MORE money put in by all the corps
Thats a fascinating claim considering the fact that we have seen the highest deficits in our nations history while the stock market has hit all time irrational record highs with no end in sight.
How does that fit into your pretty simple equation, dunce?
I'm also amused that you think there is a connection between what happens on Wallstreet, and job creation.
Cancel 2016.2
The Almighty
So taking money forcefully out of their pockets and then mismanaging the pensions is a better option?
Cancel 2016.2
The Almighty
LMAO... the Koch brothers? Is there anything you left wing nuts won't invoke the boogeyman on?
Cancel 2016.2
The Almighty
Where do think the pension money comes from? It is a part of their compensation package. So instead of giving them the option of using the 401k, you instead take the money from salary and use towards a pension.