Pension funds

[Anonymous No.11257425]

Someone red pill me on Pension funds.

[Anonymous No.11257435]

bump

[Anonymous No.11257465]

>>11257425

>give a sizeable percentage of your disposable income to a fund ran by some cocaine snorting Chad who locks up your money for 40+ years while pressing a run.exe button on an algo that rebalances his portfolio of bonds and equities while creaming off massive fees each year
>you are then duped into thinking you have capital for retirement when in reality it is being distributed to boomers right now which demographically outnumber the people paying in
>all it takes is one market crash to have your entire balance come crumbling down and you can't do anything to react to it since you've literally given it to some pension chad on trust

[Anonymous No.11257478]

>>11257465
> and all of this shit just for some shitty small tax deductions

[Anonymous No.11257484]

>>11257425
actual pension funds are rare now. it's been replaced by 401k. they used to be localized ponzi schemes, now it's a ponzi scheme syndicated on the national level. If you're under age 60, start making other plans because it will collapse before you can get out.