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The Water Cooler
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401k contribution - Yay or Nay
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<blockquote data-quote="Raido Free America" data-source="post: 3889696" data-attributes="member: 45328"><p>SS has been broke of decades, and is operating on credit now! I seriuously doubt the younger Americans will get anything, from all their FORCED contributions! Whipping a dead horse, gets us nowhere, We tried to plan so we could have a decent life style, no matter what SS did, and if we got SS, that was just a hedge on inflation! That plan turned out to right on! If inflation is 5% per year, it was 12/15% in 2021, for 10 years that is 50%! People living on fixed income standard of living, (parching power) went down 50%! That seems to be the most common mistake I see, starting out with a sufficiant income, but being overwhelmed by inflation! I suspect the, lion feeds on not only the lame antelope, but the ones that don't use their heads as well, and both improve the species?</p></blockquote><p></p>
[QUOTE="Raido Free America, post: 3889696, member: 45328"] SS has been broke of decades, and is operating on credit now! I seriuously doubt the younger Americans will get anything, from all their FORCED contributions! Whipping a dead horse, gets us nowhere, We tried to plan so we could have a decent life style, no matter what SS did, and if we got SS, that was just a hedge on inflation! That plan turned out to right on! If inflation is 5% per year, it was 12/15% in 2021, for 10 years that is 50%! People living on fixed income standard of living, (parching power) went down 50%! That seems to be the most common mistake I see, starting out with a sufficiant income, but being overwhelmed by inflation! I suspect the, lion feeds on not only the lame antelope, but the ones that don't use their heads as well, and both improve the species? [/QUOTE]
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