General Discussion
In reply to the discussion: White workers have nearly five times as much wealth in retirement accounts as black workers [View all]GOLGO 13
(1,681 posts)I'm a state worker with a pension plan & I also jumped on the voluntary deferred compensation plan that the state offers at 25% my gross pay. I did great during the Clinton years, I took big hits during the W shit years, but still kept aggressively investing because of "dollar cost averaging" - buy less when high & more when low.
I cut back to 8% during Obama's triumphant glorious reign & now my plan has never been higher or more bloated. Truly it is the best & easiest way to invest in one's future retirement. With both a pension & a deferred compensation plan, my social security will hopefully be pure FU money.
I just laugh & I don't respond to the "scolders" with their bleating cries of "rigged wall street casino". I've been through the good/bad times of the market & my great faith in the market gods have blessed me accordingly.
Now I just coast till retirement in 4 years with yet another Clinton leading us to wealth & even better prosperity.