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In reply to the discussion: Nomadland Exposes the Middle-Class Rip-Off [View all]bluesbassman
(20,384 posts)4. There's even more bad news on the horizon.
Many of the "traditional" supplemental employment opportunities for seniors are drying up. Automation and changing purchasing habits and options, are making retail and customer facing jobs obsolete. In the recent past many seniors who have faced shortfalls in their retirement portfolio have turned to these types of low paying, but not too physically demanding types of jobs to survive. It's not reasonable or even feasible to expect grandma and grandpa to be climbing ladders picking peaches. When those lucky enough to even have 401k plans in the first place, come to realize that all of those "emergency" withdrawls come back to haunt them, they'll have even fewer options to survive than they do now.
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++Yes I 100% agree with your post and in the du thread you mention I posted that
luckone
May 2021
#46
Also, they may have not had to pay the penalty for withdrawal because of the pandemic, but I believe
smirkymonkey
May 2021
#32
It's been like that for decades. Wish it would change, and our response to CV19 was a start.
Hoyt
May 2021
#5
401k's going back to Nixon were never meant to be your only retirement plan
RANDYWILDMAN
May 2021
#20
That was an excellent film, saw it twice. planning on watching again with friends.
msfiddlestix
May 2021
#31
I read the book. Don't get divorced in your fifties unless your name is Bezos or Gates
cinematicdiversions
May 2021
#41