3 ms·

So you mean you, me, your grandmother, and everyone else with a 401k or pension?

Frost1x 5y ago
A 401k with a vesting schedule geared at minimizing the already empheral retirement contribution businesses don't want to provide hoping on turnover with vesting to reduce payout and for those remaining with enough disposable income to contribute hefty amounts to their 401k? Sure. Even 401ks are evaporating in significance so that is becoming a less valid point. Given the typical audience here, you and me sure, but the vast majority aren't reaping rewards or able to tie money up in unrealized gains they cant magically realize like many with piles of investments (often tax free).
- nly 5y ago
  Why are 401k's evaporating in significance? Curious Brit here.
  - mrep 5y ago
    Not sure what OP is referring to because 401(k) balances are at all time highs [0]. [0]: https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-time-high-fidelity-says-.html https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-...
dredmorbius 5y ago
Stock ownership, along with other forms of wealth, is very unevenly distributed. Far more so than even income. "Wealthiest 10% in U.S. Own 89% of Stocks and Mutual Funds" The wealthiest 10% in the U.S. hold 45% of real estate, 54% of pension entitlements, 85% of private businesses and 34% of consumer durable goods. https://www.thestreet.com/investing/wealthiest-10-pct-in-us-own-89-pct-of-stocks-mutual-funds https://www.thestreet.com/investing/wealthiest-10-pct-in-us-... You might also care to revisit HN's guidelines: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Particularly: Be kind. Don't be snarky. Have curious conversation; don't cross-examine. Please don't fulminate. Please don't sneer, including at the rest of the community. Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith. Eschew flamebait. Avoid unrelated controversies and generic tangents. Throwaway accounts are ok for sensitive information, but please don't create accounts routinely. HN is a community—users should have an identity that others can relate to.

A 401k with a vesting schedule geared at minimizing the already empheral retirement contribution businesses don't want to provide hoping on turnover with vesting to reduce payout and for those remaining with enough disposable income to contribute hefty amounts to their 401k? Sure. Even 401ks are evaporating in significance so that is becoming a less valid point. Given the typical audience here, you and me sure, but the vast majority aren't reaping rewards or able to tie money up in unrealized gains they cant magically realize like many with piles of investments (often tax free).

nly 5y ago
Why are 401k's evaporating in significance? Curious Brit here.
- mrep 5y ago
  Not sure what OP is referring to because 401(k) balances are at all time highs [0]. [0]: https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-time-high-fidelity-says-.html https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-...

dredmorbius 5y ago

Stock ownership, along with other forms of wealth, is very unevenly distributed. Far more so than even income. "Wealthiest 10% in U.S. Own 89% of Stocks and Mutual Funds" The wealthiest 10% in the U.S. hold 45% of real estate, 54% of pension entitlements, 85% of private businesses and 34% of consumer durable goods. https://www.thestreet.com/investing/wealthiest-10-pct-in-us-own-89-pct-of-stocks-mutual-funds https://www.thestreet.com/investing/wealthiest-10-pct-in-us-... You might also care to revisit HN's guidelines: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Particularly: Be kind. Don't be snarky. Have curious conversation; don't cross-examine. Please don't fulminate. Please don't sneer, including at the rest of the community. Comments should get more thoughtful and substantive, not less, as a topic gets more divisive. Please respond to the strongest plausible interpretation of what someone says, not a weaker one that's easier to criticize. Assume good faith. Eschew flamebait. Avoid unrelated controversies and generic tangents. Throwaway accounts are ok for sensitive information, but please don't create accounts routinely. HN is a community—users should have an identity that others can relate to.