StopTechYSK: Assets in a bank, stock market, 401(k) or pension are not guaranteed
middlemanSIISK what 401(k) means…unless this is US limited info, in which case not ISK.
RandoAnd scheme, it is. They offloaded the responsibility of retirement planning from the employer and financial planners, to the individual. After Eron, obviously the existing system had problems, but now all the responsibility has been punted to the individual, so society can say “well, its your own fault!” When you don’t have enough money in retirement years.
Yup I hate it, and it’s all I get for my own retirement. They mandate we put our financial future / well being in Wallstreet stocks… hmmm I wonder who that grossly benefits. I was born after all that shit was instituted and into this broken ass system