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> Also, auto-enrolling people into 401K sounds kinda like... ya know... social security. Except that you have control over how your 401(k) gets allocated, alon
by chimeracoder 10y ago
> Also, auto-enrolling people into 401K sounds kinda like... ya know... social security.
Except that you have control over how your 401(k) gets allocated, along with additional ways to access those funds early (with a penalty) in case of emergencies.
Furthermore, 401(k)s are explicitly not comingled, whereas the entire premise of Social Security is that the funds are comingled.
- vinhboy 10y agoYea, but it also says a lot of people auto invest in target date funds. So essentially it's saying it works better when people just leave it alone. But yes, I understand your point.