racy
Full time employment: Posting here.
- Joined
- May 25, 2007
- Messages
- 883
http://finance.yahoo.com/news/champions-401-k-lament-revolution-183900145.html
Some quotes:
"...didn’t anticipate that the tax-deferred savings tool would largely replace pensions as big employers looked for ways to cut expenses."
"Some say it wasn’t designed to be a primary retirement tool ..."
"The great lie is that the 401(k) was capable of replacing the old system of pensions..."
My personal observation is that a lot of people simply do not have the intellectual, self-disciplinary or self-motivational skills to plan ahead, so they need somebody (like government) to take care of them.
Some quotes:
"...didn’t anticipate that the tax-deferred savings tool would largely replace pensions as big employers looked for ways to cut expenses."
"Some say it wasn’t designed to be a primary retirement tool ..."
"The great lie is that the 401(k) was capable of replacing the old system of pensions..."
My personal observation is that a lot of people simply do not have the intellectual, self-disciplinary or self-motivational skills to plan ahead, so they need somebody (like government) to take care of them.
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