Boomers really got rid of everyone's pensions then forced everyone to get 401ks and IRAs which pumped all their stocks.

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Anonymous Wed May 8 18:58:33 2024 No.58453972 [Reply] [Original]

Boomers really got rid of everyone's pensions then forced everyone to get 401ks and IRAs which pumped all their stocks.

Anonymous Wed May 8 19:33:33 2024 No.58454038

If employers contributed to 401k’s anywhere close to the amount they used to fund pensions, I don’t think it would be much of an issue. And that would still save employers money vs pension administrative costs and unfunded pension liability. But with puny 401k matches that depend on employees kicking in, it’s created a situation where many people won’t have enough for retirement because they either don’t make enough, aren’t financially literate, and/or live beyond their means.

>>	Anonymous Wed May 8 19:49:02 2024 No.58454075 >>58454038 what are your thoughts on the Australian model (superannuation)? It sounds good and sustainable on paper but I'm sure it has its drawbacks

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