this post was submitted on 06 Oct 2023
647 points (93.4% liked)

World News

38979 readers
2862 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
 

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

you are viewing a single comment's thread
view the rest of the comments
[–] AA5B@lemmy.world 1 points 1 year ago

This is one way 401k and similar plans are better than pensions: you own the money, immediately

While pensions were historically a lot higher value, there have been too many ways to lose it. Not spend ten years at the company? Gone. Company goes bankrupt? Gone. Company not funding their commitment? Gone.

With a 401k, I own the money immediately, can take it with me no matter how short term an employee I am, keep it even if the company is bankrupt, and most importantly, I decide how to invest it (that could be bad but it’s still my choice)