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The focus on 401ks has destroyed the retirement for millions of Americans over the last generation.
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<blockquote data-quote="dudebro" data-source="post: 2359793" data-attributes="member: 11234"><p>And with the current state of pensions, the same might happen. How do you think the central states retirees feel with the sword hanging over their heads, as they get older and less able to work? The S&P 500 over the past 10 years, with the worst economic slowdown in a lifetime, averaged 4.7% per year. Your pension invests in the market, hopes to profit, and give you the rest. If they lose money, then you're in danger of a benefit cut. Heads they win, tails you lose. Your pension doesn't come out of a magic drawer that says IBT on it with a 100% guarantee.</p></blockquote><p></p>
[QUOTE="dudebro, post: 2359793, member: 11234"] And with the current state of pensions, the same might happen. How do you think the central states retirees feel with the sword hanging over their heads, as they get older and less able to work? The S&P 500 over the past 10 years, with the worst economic slowdown in a lifetime, averaged 4.7% per year. Your pension invests in the market, hopes to profit, and give you the rest. If they lose money, then you're in danger of a benefit cut. Heads they win, tails you lose. Your pension doesn't come out of a magic drawer that says IBT on it with a 100% guarantee. [/QUOTE]
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The focus on 401ks has destroyed the retirement for millions of Americans over the last generation.
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