LogFAQs > #951619074

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
Topici'm 28 years old, how much should i have in my pension pot so far?
SevenTenths
03/11/21 11:00:52 PM
#25:


Parappa09 posted...
who looks after the 401k? is it down to the government or individual?

It's America a corporation does it! Mass mutual does our 401k, there is no law that requires companies offer a 401k but most "decent" ones will, because it saves taxes for both ends.

The match amount for the company I work for has gone down every year ad well as making it harder to get a full match.

Social security is government managed. Which was supposed to be forced savings and what you put in is what you get out. But every president I've been alive for had boomers pre retirement and went ooohhh look at all this money just sitting here, let's use it now and make someone else have to refill it.

So our boomers made sure to teach millennials that they won't get social security so don't expect it when you retire but keep paying into it because we need it even though we also got pensions before we ruined that for you guys too.

---
If you do things right, people won't be sure that you have done anything at all.
I Like Toast Alt - https://mikelikesthis.net/ The Blog Is back
... Copied to Clipboard!
Topic List
Page List: 1