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That depends on how much is paid in and if it's mismanaged. It's also recommended to have your 401k set to pay your final monthly pay for your remaining months
by Amezarak 10y ago
That depends on how much is paid in and if it's mismanaged.
It's also recommended to have your 401k set to pay your final monthly pay for your remaining months. We think that's sustainable, don't we?
The real problem in America is gross mismanagement of pension funds. It's going to get worse. I live in a county where it was suddenly discovered administrators had been lying both about funding the pension and it's performance for years and now employees are screwed.
- kobeya 10y agoUnless the global economy collapses, and your 401k along with it.
- Eridrus 10y agoAs opposed to having state funded pensions which are invested in the market and when the global economy collapses everyone else who just lost their savings has to pay even more to the people on fixed income plans? When the global economy tanks everyone is in for a hard time.
- user5994461 10y agoLived in a country without 401k and without private pension funds... turns out it's gonna collapse too.