The average working class person has better odds rowing a dingy from Florida to England in the winter than retiring “adequately” on a 401k without an additional pension and social security. Considering pensions have been mismanaged, underfunded and jettisoned by most corporations and the average 401 monthly payment won’t be more than 500$ retirement contributions collectively function more as a means to keep the carrot on a stick trick maintaining cash flow through investment firms revenue milk cows.
The average working class person has better odds rowing a dingy from Florida to England in the winter than retiring “adequately” on a 401k without an additional pension and social security. Considering pensions have been mismanaged, underfunded and jettisoned by most corporations and the average 401 monthly payment won’t be more than 500$ retirement contributions collectively function more as a means to keep the carrot on a stick trick maintaining cash flow through investment firms revenue milk cows.