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Kentucky

MichMan

(13,561 posts)

13. If 401K are bad, what are people who have worked for several companies supposed to retire on?

Reply to infinite_wisdom (Reply #10)

Mon Oct 29, 2018, 06:23 PM

Oct 2018

Very few people these days work 35 years for the same company. As they get more skills, many move to improve themselves for better pay and promotions.

In that circumstance, they would not work long enough with any one company to get a pension worth anything.

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Highlight:

Kentucky pension crisis: A closer look at what 'Frontline' found [View all] TexasTowelie Oct 2018 OP

Yikes! calimary Oct 2018 #1

Know this situation up close get the red out Oct 2018 #2

hello from Wisconsin jodymarie aimee Oct 2018 #3

Everywhere the party of "fiscal responsibility" gains the statehouse DFW Oct 2018 #4

Truth! Duppers Oct 2018 #5

On the bright side, ejbr Oct 2018 #6

Not to worry. Scarsdale Oct 2018 #7

It was more than bad enough when corporations were allowed to manage their ... marble falls Oct 2018 #8

Every State Has This Problem To Some Extent modrepub Oct 2018 #9

401k has been a disaster infinite_wisdom Oct 2018 #10

Generally Agree modrepub Oct 2018 #11

If 401K are bad, what are people who have worked for several companies supposed to retire on? MichMan Oct 2018 #13

Much of the problem in several states is the states not paying their promised contribution. 3Hotdogs Oct 2018 #12