Originally Posted by rastaman
Why not revise/reform the priviate retirement pension programs to mirror the DOD retirement system so people who worked hard all their adult lives can retire with dignity?
Why not scrap the fool-hardy risky las vegas ponzi schemed 401K's that are subject to be devastated and wiped out every 15-20 years by the unregulated greedy and criminal Wall Street Syndicate. Besides, with a 401K everyone is subject to out living their 401K investment or annuity.
The 401K con job was sold to America by Reagan to allow for his Corporate Friends to incrementally reneg on their pension programs and responsibility to their workers.
My 401k is at mid 6 figures an counting. somehow...I think I'll be able to live of that after 60. My Roth IRA in the low 6's will help as well. Got mid 5 figures in equity in the worst housing market in a long time. The only thing I am laughing at is the FDR SS bull**** coming out of my check every week.