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The problem with retirement is not the fees. It is that the whole structure is inappropriate for a single person who can live between 0 and 40 years after retir
by rileymat2 10y ago
The problem with retirement is not the fees. It is that the whole structure is inappropriate for a single person who can live between 0 and 40 years after retirement. Either you need way too much or you will run the risk of running short. A traditional benefit like a pension is way more appropriate as there less variability in the large population.
- boulos 10y agoPeople are happy to sell you variable or fixed annuities. You're asking someone to cover the risk of your longevity though, so expect to have that work out in their favor not yours.
- rileymat2 10y agoThey are quite happy, the fees on those make the 401k industry look like Boy Scouts.
- deleted 10y ago[deleted]