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Buzz cook

(2,898 posts)

7. The defined contribution (401K) plans has been a failure.

Reply to RepubliCON-Watch (Original post)

Sat Mar 26, 2016, 01:17 AM

Mar 2016

Market manipulation destroyed many if not most people's retirement. At the same time lax rules have destroyed many defined benefit plans such as traditional retirement.

Until the problems of corruption in the markets and corporate malfeasance are fixed we need to look to a government minimum income for seniors. Expanding Social Security seems like the easiest solution.

How we pay for it is an open question.

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Open Question: Funding Retirement [View all] RepubliCON-Watch Mar 2016 OP

We should beef up Social Security and at least protect public employee pensions RandySF Mar 2016 #1

That doesn't sound good. RepubliCON-Watch Mar 2016 #2

Right. It's awful that companies have been permitted (by court decisions) elleng Mar 2016 #3

Lift The Cap....nt global1 Mar 2016 #4

Here Here!! RepubliCON-Watch Mar 2016 #5

Aren't 401Ks already privatised? Bring back the defined benifit plan and doc03 Mar 2016 #6

The defined contribution (401K) plans has been a failure. Buzz cook Mar 2016 #7

Social Decurity needs to be supported fully and completely. SheilaT Mar 2016 #8

Lift the cap completely and reduce the retirement age to 55 gradually. libtodeath Mar 2016 #9

Remove the SS income tax cap Chuuku Davis Mar 2016 #10