LogFAQs > #970444869

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, Database 11 ( 12.2022-11.2023 ), DB12, Clear

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Topic	Ever realize how big a GIANT SCAM 401K really are?
Pitlord_Special 12/27/22 6:08:50 PM #32:	WingsOfGood posted... fyi before the advent of 410K retirement was free money saying "you missing out on free money!" ya duh that is the point of fucking retirement plan I'd make the argument that pensions are just as exploitative (maybe more so) since it traps the worker for 10+ years in a single organization, usually 20-30 years to get maximum benefits. During which managers can allow their salary/wage to fall below fair market value and/or subject them to mismanagement/abusive management and either they remain in the job (and thus maximally exploited) or they leave the job and the organization is fully/partially off the hook for their retirement benefit. --- Posted from my iPhone 13 <cite>Pitlord_Special posted [p:970444869] in Ever reali... [t:80291865]...</cite> <quote>WingsOfGood posted... </cite><quote>fyi before the advent of 410Kretirement was free moneysaying "you missing out on free money!" ya duh that is the point of fucking retirement plan</quote>I'd make the argument that pensions are just as exploitative (maybe more so) since it traps the worker for 10+ years in a single organization, usually 20-30 years to get maximum benefits. During which managers can allow their salary/wage to fall below fair market value and/or subject them to mismanagement/abusive management and either they remain in the job (and thus maximally exploited) or they leave the job and the organization is fully/partially off the hook for their retirement benefit. --- Posted from my iPhone 13</quote> ... Copied to Clipboard!
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