General Discussion

doc03

(39,045 posts)

10. I had a 401k but when the company I worked for shut down in

Thu Mar 6, 2025, 11:58 AM

Mar 2025

2009 when I was 62 and my 401k was at rock bottom. I was lucky I could live on my defined benefit pension and SS without cashing
out my 401k. I retired and put my 401k into a rollover IRA, since then my balance has tripled even though I have been making
RMD withdrawals for several years. A 401 k can be great, but it is a gamble, you can't always pick when you will need the income.
I am concerned what President Musk may do with the PBGC that guarantees our defined benefit plans.

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Social Security's Death Warrant Was Just Signed -- Are You Ready? [View all] CousinIT Mar 2025 OP

The goal is to privatize SS with very high management costs. Irish_Dem Mar 2025 #1

"We'll pour your profits into our pockets." Kid Berwyn Mar 2025 #2

Us govt will scam us every day. Irish_Dem Mar 2025 #3

Not really the government. Rather, the billionaires who now control it. nt CousinIT Mar 2025 #5

Putin and the billionaires are now the US govt. Irish_Dem Mar 2025 #9

With Medicare it starts with "Medicare" Advantage markodochartaigh Mar 2025 #27

Yes we will now all be ripped off by the Advantage obvious scam. Irish_Dem Mar 2025 #28

I know, the Advantage Plans are so terrible. PoindexterOglethorpe Mar 2025 #33

Agree. My wife had eye surgery last week on both eyes. Cataracts and new lenses. Sibelius Fan Mar 2025 #40

A national 401k will replace SS. The new Advantage Plan Emile Mar 2025 #4

And when SHitler and other idiot MAGAt *residents in the future trash the economy.. CousinIT Mar 2025 #6

If enough people who are still working elect to Emile Mar 2025 #8

I had a 401k but when the company I worked for shut down in doc03 Mar 2025 #10

I remember when Reagan DENVERPOPS Mar 2025 #20

But the plan is to exclude everyone THEY DON'T LIKE! FakeNoose Mar 2025 #30

Post #8 Their plan on how to destroy SS. Emile Mar 2025 #32

Message auto-removed Name removed Mar 2025 #7

Only if we are allowed to have an election. BBbats Mar 2025 #12

Ay, there's the rub. dchill Mar 2025 #22

"...we will have 70 Democrats in the Senate for a generation..." Wednesdays Mar 2025 #13

Message auto-removed Name removed Mar 2025 #14

Fux Noose will scream that it's "fraud!" (which it is but coming from "DOGE" not Social Security) CousinIT Mar 2025 #15

Oh please make it so! kimbutgar Mar 2025 #18

Well you are wishing misery on 70 million people. Hope22 Mar 2025 #19

Message auto-removed Name removed Mar 2025 #39

Ok but throwing it out to the universe can sometimes backfire. Hope22 Mar 2025 #41

Peter Thiel - "I no longer believe that freedom and democracy are compatible." S/V Loner Mar 2025 #11

Which is why what pissy little social safety nets we have are being destroyed now, too. CousinIT Mar 2025 #16

He is ridiculous BrianTheEVGuy Mar 2025 #34

Yes he is but he is serious. That's why... S/V Loner Mar 2025 #37

How many of those senior magaloons are gong to experience pain from the orange Hitler and be ok with it! kimbutgar Mar 2025 #17

Let's just establish as an absolute fact that Social Security is non-negotiable. AmericaUnderSiege Mar 2025 #21

The biggest change needed is to LIFT THE CAP Martin Eden Mar 2025 #25

Absolutely. Redistributive mechanisms are proven benefits to the economy. AmericaUnderSiege Mar 2025 #29

the greedy old pig party will NEVER do that Skittles Mar 2025 #42

Post removed Post removed Mar 2025 #23

Hartmann is a DUer Emile Mar 2025 #38

Privatization means SHAREHOLDER VALUE is the highest priority Martin Eden Mar 2025 #24

Anyone Abstractartist Mar 2025 #26

The R-Thugs just want us to work 'till both feet are in the grave. KY_EnviroGuy Mar 2025 #31

I'm 71 and I'm living as fast as I can. JohnnyRingo Mar 2025 #35

I Live On Social Security Mr.Bee Mar 2025 #36