The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Is it true that 401ks were created so you can never retire?
Poast new message in this thread
Date: July 10th, 2025 11:06 AM Author: Opaque center https://x.com/vladtheinflator/status/1942968358196084973?s=46 (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089790) |
Date: July 10th, 2025 11:11 AM Author: racy indian lodge They were created to be one of many small vehicles one could utilize to save for retirement.
They were never intended to be an absolute requirement to avoid eating dog food in your 80s, but it was advantageous for certain jews (who are NOT the same as the people who created 401ks btw) to have that be the case so here we are. |
|
Date: July 10th, 2025 11:23 AM Author: Multi-colored Wild Boltzmann The end result is that proles buy $78;000k trucks and contribute 0% or like 4% in order to get a match when they’d need to contribute 20% or whatever to match an old school private sector pension or modern public sector pension. They also Sell Low. So they are Bad irl imo. proles should contribute $20,000k/yr and drive $27k manual Ford Rangers (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089852) |
 |
Date: July 10th, 2025 11:25 AM Author: rose hairraiser den (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089863) |
|
Date: July 10th, 2025 11:41 AM Author: Sick misunderstood therapy (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089916) |
|
Date: July 10th, 2025 12:03 PM Author: avocado garrison water buffalo pensions were unsustainable trash while i agree that there is a lot of truth to your take on the end result, that is function of people being stupid |
|
Date: July 10th, 2025 2:25 PM Author: Multi-colored Wild Boltzmann A 401k is a “pension” you idiot. It’s The Same Thing. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090396) |
|
Date: July 10th, 2025 3:09 PM Author: Mentally Impaired Onyx Bawdyhouse No it's not. With a 401k/match, they give you the money and it's yours. Pensions are bad because it's way too easy for incumbents to promise sky high returns for minimal contributions, because by the time it becomes an issue they're gone. It's yet another thing boomers turned into a crisis. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090502) |
|
Date: July 10th, 2025 3:42 PM Author: avocado garrison water buffalo oh? please explain the differences. are any of those differences really significant? durrr durrrr |
|
Date: July 10th, 2025 3:50 PM Author: fragrant out-of-control range tattoo i'd like more sealclubber versus cowgod subthreads. you've got a smart guy pretending to be an idiot and an idiot pretending to be a smart guy, and they're both just sarcastically dishing out mysterious vague quasi-assertions. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090579) |
|
Date: July 10th, 2025 2:57 PM Author: yapping ultramarine gaping (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090477) |
|
Date: July 10th, 2025 11:25 AM Author: Spruce filthy theatre twitter sucks because unless you heavily block and filter you see these dumb takes whenever you go on. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089862) |
|
Date: July 10th, 2025 11:25 AM Author: shaky macaca hissy fit where is his reasoning?
my wife and i each have roughly $1m in our accounts at ages 45 and 46. i'm focusing on getting to $1.2 - 1.5m in taxable accounts so i can go into semiretirement at around 49. we let the $2m in 401ks grow for another 20 years, it'll probably be 10-15m, likely on the higher end of that scale.
i guess most people can't retire because they are 52 and have $94k in their account, but the pension system is no better. didn't you generally have to work until like 62 under those systems anyway? |
|
Date: July 10th, 2025 11:27 AM Author: Spruce filthy theatre Yea I thought it required a full career and retirement in your sixties and the average lifespan was like 66 or 70. If he's referring to the modern pension system where cops can retire at 42 with full benefits for life thats not how the pension system really ever worked. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089878) |
|
Date: July 10th, 2025 12:05 PM Author: avocado garrison water buffalo is this true? i thought pensions often were based on 20 or 25 year employment (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089976) |
|
Date: July 10th, 2025 10:54 PM Author: ivory faggotry stage Why would a company give someone money for not working just because they worked there for 20 years? (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092031) |
|
Date: July 10th, 2025 11:30 AM Author: Opaque center I think he’s talking about 95% of people and not the 5% who would have landed fat retirement packages anyway prior to 401ks (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089888) |
|
Date: July 10th, 2025 11:44 AM Author: hideous wrinkle skinny woman retard take? (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089924) |
|
Date: July 10th, 2025 11:54 AM Author: shaky macaca hissy fit Explain like I’m a trans woman Thai with her buttcheeks spread out in a cheap motel room (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089953) |
|
Date: July 10th, 2025 11:57 AM Author: Seedy Abode Crotch Just a chill 10% return every year for 20 years (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089959) |
|
Date: July 10th, 2025 12:00 PM Author: Startling Library Degenerate (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089963) |
|
Date: July 10th, 2025 12:06 PM Author: shaky macaca hissy fit yeah, totally unrealistic to expect that. past performance is not a guarantee of future results!
even at an average return of 8% over that horizon, the 2m is just under 10m at year 20. if you start living off that and withdrawing 35k a month (with 2% increases to withdrawals annually), your money continues growing. of course, this doesn't apply if the s&p decides to reverse its historical trend of 11% returns and starts returning like 5%. then i guess we are all in trouble. |
|
Date: July 10th, 2025 3:26 PM Author: spectacular private investor house Average returns going forward will be 2%, inflation 4%, and there will be wild 25% swings up and down every so often. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090535) |
|
Date: July 10th, 2025 4:00 PM Author: shaky macaca hissy fit cr, i'm going to plan on working until 70 now. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090594) |
|
Date: July 10th, 2025 4:42 PM Author: spectacular private investor house Before offing urself? If not, you need to work until 90 at an absolute minimum and go off ur aids meds (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090726) |
|
Date: July 10th, 2025 11:29 AM Author: Nighttime laser beams The problem is that any system which requires people to act responsibly at scale for their own self interest is never going to work. There’s just no fucking way people are going to max out their 401k when they could instead buy an iPhone and a huge ass truck.
This is why I begrudgingly admit that social security is necessary to prevent olds from starving to death. |
|
Date: July 10th, 2025 11:38 AM Author: rose hairraiser den (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089907) |
|
Date: July 10th, 2025 11:47 AM Author: laughsome very tactful heaven (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089935) |
|
Date: July 10th, 2025 12:02 PM Author: mahogany arrogant stead why should we prevent olds from starving to death? (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089967) |
|
Date: July 10th, 2025 12:08 PM Author: pearl multi-billionaire Why wouldn't we actually encourage it to reinforce to everyone else not to be a fucking idiot?
The answer is that our entire consumption-based system would collapse if people spent responsibly, so we'll prop it up until we simply can't do it any longer |
|
Date: July 10th, 2025 1:41 PM Author: Peach curious locus And then we'll just start releasing them to Elsewhere. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090251) |
|
Date: July 10th, 2025 12:03 PM Author: Dark Titillating Yarmulke Public Bath (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089972) |
|
Date: July 10th, 2025 12:04 PM Author: Startling Library Degenerate (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089974) |
|
Date: July 10th, 2025 12:06 PM Author: avocado garrison water buffalo then let them eat cake (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089977) |
|
Date: July 10th, 2025 3:18 PM Author: fragrant out-of-control range tattoo i love how so many shitcon's "conservative" government ideal is ruthless individualism where the government does nothing while olds die in the streets. you don't want to "conserve" traditional government, you want no government at all. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090524) |
|
Date: July 10th, 2025 3:20 PM Author: hyperactive pozpig crackhouse except when people are being mean to jews in which case they want to abolish the 1A on college campuses and revoke harvard's accreditation (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090526) |
|
Date: July 10th, 2025 3:23 PM Author: fragrant out-of-control range tattoo then you have the based anti-israel people going apeshit over mamdani because he's muslim.
winning so big in 2024 has come with the bitter realization that we're just as factionalized and retarded as the left but just in different ways. |
|
Date: July 10th, 2025 3:30 PM Author: hyperactive pozpig crackhouse but for the israeli and jewish cudgel and a dummy in the WH that does pretty much whatever they want conservatism or small government or foreign interventionism be damned are there even other prominent factions? people seem united on much else. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090542) |
|
Date: July 10th, 2025 3:37 PM Author: fragrant out-of-control range tattoo mmm perhaps not factions per se, as that would require coherent and consistent ideology. i guess moreso that we're just as ideologically malleable as the left with many contorting their opinions and positions based on whatever thing is of particular import to them. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090560) |
|
Date: July 10th, 2025 4:02 PM Author: avocado garrison water buffalo what hysterical drivel olds don't die in the streets all consideration of government except national defense should begin with the premise that the less government, the better |
|
Date: July 10th, 2025 4:04 PM Author: fragrant out-of-control range tattoo what compels you to write in such a
jarring and unreadable format
that no other person writes in
or has ever read before
so frequently
durr durr |
|
Date: July 10th, 2025 4:07 PM Author: avocado garrison water buffalo very good reply, faggeratttt. now try substance. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090613) |
|
Date: July 10th, 2025 4:13 PM Author: fragrant out-of-control range tattoo there's no reason to because you agreed with me in your last response.
"you don't want to "conserve" traditional government, you want no government at all."
"all consideration of government except national defense should begin with the premise that the less government, the better"
retard, if all consideration of government should begin with the premise that the less government the better then whatever government exists you'll want less than that i.e. you want no government ultimately. |
|
Date: July 10th, 2025 4:17 PM Author: shaky macaca hissy fit i know i'm repeating the very obvious at this point, but it's unreal how dumb this guy is (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090628) |
|
Date: July 10th, 2025 4:42 PM Author: avocado garrison water buffalo you're a faggot, zurich. durr durr i hate jews!! hitler came after your type, too |
|
Date: July 10th, 2025 4:43 PM Author: shaky macaca hissy fit (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090729) |
|
Date: July 10th, 2025 4:43 PM Author: avocado garrison water buffalo i didn't agree with you, but if you want to suck a cock, zurich is around (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090732) |
|
Date: July 10th, 2025 4:50 PM Author: fragrant out-of-control range tattoo so you request a substantive response, i give it, and you just say "wrong" without any argument why and then go on to cry about antisemitism and fantasize about degenerate sex acts? odd case this the playbook for midwit jews 100% of the time.
"you want no government"
"no, i just think whatever government exists there should be less."
"that inherently leads to no government if less is always better."
"wrong. zurich is an antisemite and you suck cock. later goys!" |
|
Date: July 10th, 2025 5:17 PM Author: avocado garrison water buffalo "that inherently leads to no government if less is always better." why you ended up at a ttt |
|
Date: July 10th, 2025 5:59 PM Author: fragrant out-of-control range tattoo if i have 100 government, and less is always better, so every day i remove 1 government, how much government will i have in 100 days? (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090904) |
|
Date: July 10th, 2025 7:23 PM Author: avocado garrison water buffalo down goes another lsat point (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091310) |
|
Date: July 11th, 2025 12:30 AM Author: ivory faggotry stage Why don't these people just get jobs? They are far better at working than young people. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092259) |
|
Date: July 11th, 2025 7:31 AM Author: ivory faggotry stage (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092457) |
|
Date: July 10th, 2025 3:10 PM Author: fragrant out-of-control range tattoo (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090505) |
|
Date: July 10th, 2025 11:39 AM Author: poppy church building codepig "retirement" was FDR flaem to try to force bodies out of the work force. It is literally a modern invention. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089910) |
|
Date: July 10th, 2025 11:43 AM Author: Spruce filthy theatre No, boomers are entitled to a 30 year vacation and every single measure for end of life extension that is medically possible funded entirely by future generations who will be obligated to pay the money back (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089920) |
|
Date: July 10th, 2025 11:49 AM Author: poppy church building codepig (Donald Trump) (Joe Biden) (Barack Obama) (George W. Bush) (Bill Clinton) (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089938) |
|
Date: July 10th, 2025 12:07 PM Author: avocado garrison water buffalo (libs)(democrats)(poors) (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089982) |
|
Date: July 10th, 2025 11:59 AM Author: aromatic corner “I’m bitter, poor, and jewish” (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089962) |
|
Date: July 10th, 2025 5:17 PM Author: ivory faggotry stage (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090814) |
|
Date: July 10th, 2025 9:34 PM Author: poppy church building codepig "Pension" was a concept for disabled military vets. Because you couldn't work so they'd give you cash. Then FDR comes along and they invent Social Security to try to get you to "retire" at 65 to create jobs for younger people because the economy was ass. Then FDR put in wage control so you couldn't give real raises and companies instead gave you a "pension" to circumvent the wage controls. It's all complete and total flaem. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091825) |
|
Date: July 10th, 2025 11:45 AM Author: frisky lascivious circlehead half the people in the country are from places normal americans couldnt point out on a map. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089927) |
|
Date: July 10th, 2025 11:53 AM Author: rose hairraiser den "I am not going to save/invest because I don't know where this mud that just walked past me and I will never see again is from!" bellowed the angry birdshit. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49089949) |
|
Date: July 10th, 2025 1:16 PM Author: jet principal's office personal credit line I'm old enough to remember a few places that still had pensions when I was starting out. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090149) |
|
Date: July 10th, 2025 1:43 PM Author: hyperactive pozpig crackhouse in any sane country the government would be requiring employers to withhold a fixed percentage of an EE's salary and applying it to a target date 401k but MUH FREEDOMS require you to be poor and begging for government handouts at age 70 i guess (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090258) |
|
Date: July 10th, 2025 1:45 PM Author: Harsh Hot Nursing Home Gay Wizard target date funds suck, and proles would just take out 401k loans anyways. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090268) |
|
Date: July 10th, 2025 1:47 PM Author: hyperactive pozpig crackhouse hear me out. we could prevent them from taking 401k loans. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090280) |
|
Date: July 10th, 2025 2:52 PM Author: shaky macaca hissy fit they do suck, but they're better than booming away 95% of your earnings and winding up with 63k in retirement savings at 60 years old. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090466) |
|
Date: July 10th, 2025 1:57 PM Author: Seedy Abode Crotch Forcing everyone to self-fund their own retirement savings results in inefficient over-investment and under-consumption. The issue is that if forces everyone to self-insure against longevity risk, which requires much, much more capital than risk sharing. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090303) |
|
Date: July 10th, 2025 2:04 PM Author: hyperactive pozpig crackhouse "risk sharing" is inefficient and code for needless bureaucracy and expense, whether that's pensions or ss
lol oh no, overinvestment! underconsumption! |
|
Date: July 10th, 2025 2:29 PM Author: Seedy Abode Crotch You seem deeply stupid (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090408) |
|
Date: July 10th, 2025 2:38 PM Author: hyperactive pozpig crackhouse Oh no, overinvestment and underconsumption! the exact problems we are trying to solve! lol, dummy (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090438) |
|
Date: July 10th, 2025 2:16 PM Author: avocado garrison water buffalo yeah, if people only had over 40 years to plan ahead (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090368) |
|
Date: July 10th, 2025 2:35 PM Author: Seedy Abode Crotch You're thinking about this entirely wrong. A person can of course spend 40 years planning ahead and come out better off than most people (who do not plan ahead at all). If instead everyone is forced to "plan ahead" valuations skyrocket (because people are being forced to save, and have no choice but to buy into some investment) while fundamentals deteriorate because actual consumption is deferred. If everyone does that, they don't end up richer, they just end up owning a bunch of stocks with horrible P/E ratios. And if the answer is that it's OK because the next generation is also being forced to save, so they also have to buy the already inflated stocks at an even higher valuation, then great, you just made social security, except way more expensive. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090428) |
|
Date: July 10th, 2025 3:53 PM Author: avocado garrison water buffalo not everyone is forced to plan ahead. that's why we have so many fucking poors. people who do plan ahead should be better off than those who don't whenever you have people involving the government in social policies, they will fuck it up. it follows that the goals of social policy should focus on the bare minimum necessary to achieve the goal. people should be incentivized to achieve far more than the guaranteed minimum. i agree with a point you are making which is why i was and remain against social security investing in or permitting beneficiaries to invest in the stock market. not entirely because of your point, but that is one of the reasons it's not like there aren't many other options besides the stock market for people to invest in. and it's not like the stock market doesn't consist of stocks all over the world and in different markets or industries, etc |
|
Date: July 10th, 2025 3:10 PM Author: Mentally Impaired Onyx Bawdyhouse No it doesn't. If somebody wants to guard against longevity risk, the person can just buy a SPIA. It's much harder to sell a pension. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090506) |
|
Date: July 10th, 2025 2:35 PM Author: Multi-colored Wild Boltzmann That’s what SS is. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090426) |
|
Date: July 10th, 2025 2:38 PM Author: hyperactive pozpig crackhouse in treasuries, not in stocks (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090436) |
|
Date: July 10th, 2025 2:47 PM Author: Multi-colored Wild Boltzmann Are you saying that proles should Buy High (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090457) |
|
Date: July 10th, 2025 2:36 PM Author: translucent doobsian forum internal respiration it’s a vehicle for proles with poor self control (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090431) |
|
Date: July 10th, 2025 2:53 PM Author: shaky macaca hissy fit literal retard take, especially if someone has access to a 401k roth option, which most people seem to have at this point. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090469) |
|
Date: July 10th, 2025 3:08 PM Author: translucent doobsian forum internal respiration sorry you can’t find better ways to invest your money bro (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090501) |
|
Date: July 10th, 2025 4:02 PM Author: shaky macaca hissy fit explain where your money is invested that's beating the s&p over a 20-30 year time horizon. i'll forgo the tax benefits of a 401(k) for that. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090600) |
|
Date: July 10th, 2025 4:28 PM Author: translucent doobsian forum internal respiration you’re making some incredible assumptions here
good luck |
|
Date: July 10th, 2025 4:30 PM Author: fragrant out-of-control range tattoo it was pretty bold of zurich to assume you have any money to invest (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090681) |
|
Date: July 10th, 2025 4:32 PM Author: translucent doobsian forum internal respiration oh look the wagecucks are circling the wagons (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090689) |
|
Date: July 10th, 2025 4:53 PM Author: fragrant out-of-control range tattoo refusing to answer a pointed question is circling the wagons retard. you always do this when someone tries to pin you down on a position.
you could just say what you believe to be a better investment vehicle. but you're terrified to be wrong online, so you just post adhoms and vague shit. it's consuela-tier. |
|
Date: July 10th, 2025 5:17 PM Author: translucent doobsian forum internal respiration I’ve said it many times that there’s nothing better than a business, and that having passive real estate that pays you (instead of the liability that is your primary home) is 180 as well
xo fags who do the same shit the middle class masses do just don’t like the answers |
|
Date: July 10th, 2025 8:18 PM Author: shaky macaca hissy fit got it, so i should just start a business with all my free time (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091534) |
|
Date: July 10th, 2025 8:25 PM Author: translucent doobsian forum internal respiration or be a wagecuck hoping that inflation doesnt destroy your wealth (it will) (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091566) |
|
Date: July 10th, 2025 8:39 PM Author: shaky macaca hissy fit You’re sounding like sealclubber man. Step away from the computer for a little bit. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091614) |
|
Date: July 10th, 2025 3:30 PM Author: rose hairraiser den the opposite, actually (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090543) |
|
Date: July 10th, 2025 4:02 PM Author: shaky macaca hissy fit no, ur wrong. poors with no self-control all plow money into 401(k)s and have huge balances. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090602) |
|
Date: July 10th, 2025 5:00 PM Author: rose hairraiser den (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090771) |
|
Date: July 10th, 2025 5:01 PM Author: fragrant out-of-control range tattoo (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090773) |
|
Date: July 10th, 2025 5:20 PM Author: Startling Library Degenerate (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090821) |
|
Date: July 10th, 2025 3:13 PM Author: fragrant out-of-control range tattoo eliminating pensions and making fixed income uncompetitive with securities was a massive windfall for the wealthy as people have no choice to be invest in assets that inflate endlessly regardless of their actual value. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090514) |
|
Date: July 10th, 2025 3:14 PM Author: Swashbuckling mint international law enforcement agency No, but it is true that they were created to pass investment risk from the businesses to the employees. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49090516) |
|
Date: July 10th, 2025 6:57 PM Author: ivory faggotry stage Getting rid of 401ks doesn't necessarily mean that pensions would come back. It is odd that employers are expected to contribute to either. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49091196) |
|
Date: July 10th, 2025 11:23 PM Author: avocado garrison water buffalo (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092136) |
|
Date: July 10th, 2025 9:37 PM Author: charcoal razzmatazz hell mad-dog skullcap 401ks make more sense than pensions. Remember, at its peak apparently 40% of people were part of a pension plan - a huge umber of that probably never saw a dime. Many of those also went bust up even if they did qualify.
The US job market is much more fluid now so you need a much more fluid solution.
Plus, a pension basically would require you to put total trust in your corporate employer. Public companies are basically required to be evil. Any time you had a bad earnings call, an army of HR people would examine creative ways to fuck over employees and relieve the long term pension obligation.
It's a safer result for you and your employee to put your retirement money in your own account. |
|
Date: July 10th, 2025 11:12 PM Author: adventurous juggernaut Both the 401(k) and the pension are legacies of a bygone era where employers sort of looked after employees for life. For the reasons you mention, there should be no employer retirement plans, and employers should just pay the money to employees and it’s up to the employees to figure out what to do with their money. Government can pass all of the tax benefits on to the individual taxpayers. These convoluted mechanisms for retirement funding are not necessary and make it harder for regular folks to get what they earn and easier for business owners to pay themselves more in sheltered ways. |
|
Date: July 10th, 2025 11:28 PM Author: avocado garrison water buffalo the conversation needs to be divided between pensions provided by private companies local municipalities states, and federal and perhaps more divisions are worth discussing all of the above have important differences |
|
Date: July 11th, 2025 11:25 AM Author: cobalt meetinghouse Why did they never see a dime? (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092866) |
|
Date: July 10th, 2025 9:57 PM Author: misanthropic parlor At my first job, I had the option of either a traditional pension or having my employer contribute the money that would have gone into the pension fund into a 401k-type plan. I ran the numbers, and even if I assumed extremely conservative stock market returns, if I contributed to the 401k plan until the vesting date for the pension and immediately converted it into an immediate annuity, I would end up with a monthly benefit that was far greater than the monthly pension benefit.
TLDR: Pensions are flame. The only benefit of a pension is that it prevents you from contributing 0% to your 401k and buying an $80k truck instead. If you are a non-stupid investor, you will end up with far more money in retirement if you contribute to a 401k. |
|
Date: July 11th, 2025 9:18 AM Author: Sick misunderstood therapy the mixed system the US has with forced savings via SS, plus additional 401k savings you can do yourself, seems like a decent compromise. doing one or the other entirely both have huge pitfalls. most people are retarded and simply wont save if you dont Force them to, but pensions blow up and slash benefits all the time (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092618) |
|
Date: July 11th, 2025 11:24 AM Author: adventurous juggernaut Dumb take. Don’t force people to save. Make employers pay them and then they’re on their own in old age. Pensions and retirement culture is a profound disease. Nobody should retire. If you’re disabled and can’t work that’s one thing, but nobody should be allowed to just stop working because they’re angry or sad or just can’t hack it. Get back in. (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092864) |
|
Date: July 11th, 2025 11:37 AM Author: Sick misunderstood therapy stfu (http://www.autoadmit.com/thread.php?thread_id=5748657&forum_id=2#49092894) |