Quote:
Originally Posted by TheSpecialist
Unless the companies pull something shady they are pretty much guaranteed or more stable, where as the 401k can take a nose dove on you as it has recently. Many people who would have retired in the last couple of years h with 401k are now having to work to make up the losses.
|
If you are close to retirement age, you should know not to have most of your 401(k) in stocks, because you don't have th etime to recover from losses.
But again, you're telling me why pensions are better than 401(k)s for the folks receiving them, and we all get that.But why are pensions better than 401(k)s for everyone, including the folks who get stuck with the bill? Why is society better off if we all have to make enormous sacrifices just so that a small number of people can have pensions?