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That is a valid point. Pensions probably made a lot more sense when life expectancy was lower. Today? Not so much. Probably the reason why so many pensions went
by pm90 9y ago
That is a valid point. Pensions probably made a lot more sense when life expectancy was lower. Today? Not so much. Probably the reason why so many pensions went bankrupt.
401(k)'s do seem like a much better option. However not all employers provide that. I'm not sure what the solution is.
- Amezarak 9y agoLife expectancy at 65 has barely budged in the past 100 years (we gained about four years.) On top of that, for the past two years (2015 and 2016), it's decreased.