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BeyondGeography

(40,983 posts)

3. IOW, the crisis is not having access to one

Reply to marmar (Original post)

Wed Oct 21, 2015, 05:54 AM

Oct 2015

That will come as news to many here who see 401ks as inherently evil.

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The 401(k) Crisis Is Getting Worse [View all] marmar Oct 2015 OP

And I bet most of them couldn't contribute the maximum. Ilsa Oct 2015 #1

I agree newfie11 Oct 2015 #4

How is that news - or related to a "401(k) crisis"? FBaggins Oct 2015 #2

I see you found the spin put on the story as well GummyBearz Oct 2015 #12

Bravo!! Kilgore Oct 2015 #15

IOW, the crisis is not having access to one BeyondGeography Oct 2015 #3

I don't see them as evil rather they are vulnerable liberal N proud Oct 2015 #5

They are indeed inferior to defined benefit pensions BeyondGeography Oct 2015 #6

Depends. A defined-benefit plan is subject to your employer's credit risk Recursion Oct 2015 #8

There is no 401k crisis. There's a guaranteed government retirement stipend crisis. Erich Bloodaxe BSN Oct 2015 #7

So imagine everyone easily has access to an account to save for retirement. Vinca Oct 2015 #9

Was he unaware of the existence of IRAs? Kang Colby Oct 2015 #10

we are a nation of spenders, not savers DrDan Oct 2015 #11

I wonder 1939 Oct 2015 #13

Your income is taxed on a Roth exboyfil Oct 2015 #14

If I may, I think your language in the first paragraph needs a bit of clarification A HERETIC I AM Oct 2015 #32

a Roth shelters future earnings - current income still requires payment of taxes DrDan Oct 2015 #22

A Roth IRA can not "shield current income from taxes" A HERETIC I AM Oct 2015 #31

Even if we have a 401(k) . . .. HughBeaumont Oct 2015 #16

And you're the winner shrike Oct 2015 #21

Not really FBaggins Oct 2015 #26

Sorry, not correct. shrike Oct 2015 #29

As with all else, the answer is "simply have more disposable income" Orrex Oct 2015 #17

Anything that flows from capitalism is suspect to me. ronnie624 Oct 2015 #25

In 1999 I was hired by a mutual fund company Orrex Oct 2015 #30

I call BS on this Kilgore Oct 2015 #18

Did small restaurants offer defined benefit pensions before 401ks? whatthehey Oct 2015 #19

Imagine betting your retirement on the hope that Yupster Oct 2015 #20

There is nothing wrong with 401K's as originally conceived, i.e. in ADDITION to a good pension. stevenleser Oct 2015 #23

Exactly. You're probably too young to remember the three-legged stool concept shrike Oct 2015 #24

This guy simply didn't save money taught_me_patience Oct 2015 #27

Americans in general aren't great at delayed gratification FBaggins Oct 2015 #28

The guy worked in the resturant business. haele Oct 2015 #33

K&R! Omaha Steve Oct 2015 #34