return2ozmaSenator Bernie Sanders Report Warns Nearly Half of Older Americans 'Have No Retirement Savings'
WarmSodaI put money into my 401k for decades only to find out I had enough to cover two months of rent. Shits fucked.
Captain JanewayIs this a meme? Were you putting pennies into your 401k over those decades of investment?
I think everyone deserves a retirement. But aside from that, your claims are dubious at best.
Nope. Company matching and everything.
You can doubt all you want, but I’m the one sitting here without anything to show for being in the workforce my whole life.
You can doubt all you want, but I’m the one sitting here without anything to show for being in the workforce my whole life.
If you put “money in for decades” it would be almost impossible to only have enough for “two months rent” at this point. Either you’re not telling the whole story or you were literally robbed.
This still doesn’t explain the “only 2 months rent” part, but I’ve had friends who thought they were investing in a 401k but were seeing virtually no growth. Upon looking into it, they hadn’t allocated funds but were required to do so, so the money was sitting in a cash reserve pile earning the typical .02% interest.
So, this could mean losing out on 30 years of gains if it were to go on long enough. But 30 years of deposits should still have been way more than 2 months rent so dunno what to say about that part