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originally posted by: burdman30ott6
a reply to: Fools
I've always believed the 401Ks are an insurance fund for the global investors and the "haircuts" in countries the World Bank has instituted austerity in have generally proven that. If the US ever goes truly belly up, the IMF will seize private Americans retirement funds.
originally posted by: kelbtalfenek
a reply to: Fools
That could be one reason. But the major reason is that companies no longer need to have a retirement fund, thus all earnings can go to CEO salaries.
originally posted by: kelbtalfenek
a reply to: Fools
That could be one reason. But the major reason is that companies no longer need to have a retirement fund, thus all earnings can go to CEO salaries.
originally posted by: toysforadults
Its scam keep your money and put it into an asset that creates a value
originally posted by: schuyler
originally posted by: kelbtalfenek
a reply to: Fools
That could be one reason. But the major reason is that companies no longer need to have a retirement fund, thus all earnings can go to CEO salaries.
That's not even remotely true. Companies still pay into the "pension fund," it's just that it is controlled by the employee instead of the employer. In theory, there is no difference at all between company contributions. With most pensions, both employee and employer make a contribution to the pension.
originally posted by: Edumakated
With pensions, you don't have to be responsible for your own retirement.