how to retire in usa with wall street

You don't retire.

Here is what I have seen over my years of being in the workforce:

  • Pensions and profit sharing replaced by 401k.
  • 401k with 100% employer match go all the way down to no match at all.
  • Year 2000, take half of my 401k savings and throw it away (dot com bubble burst).
  • Faith shaken, transfer all 401k funds from risk portfolios to guaranteed income.
  • Guaranteed income funds cease to exist, replaced by "low-risk" funds. Lots of fees there, too.
  • Ability to do direct rollover to insured credit union account is eliminated.

Sounds so good!

Anytime I hear talk of privatizing Social Security, I immediately think, "count me out!"

4 responses to “how to retire in usa with wall street

  1. Is a shame; i believe to the world a need a R évolution for the nations

  2. Originally posted by AleksOD:

    I thought Social Security is not sustainable.

    It can go on for a long time as is, and with modest changes, even longer. The financial elites want that pot of money badly. I don't want to see Social Security "casinoed".If it ever gets dismantled or privatized, it will never be given to me to be placed in a locked account of my choice. It will be given over to the financial sector so it can be evaporated before I ever get much of it. It really is my money. My employers and I put in in there.Those wars are the life/money sucking unsustainable beasts.

  3. I thought Social Security is not sustainable. :confused:

  4. Originally posted by slackwrdave:

    If it ever gets dismantled or privatized, it will never be given to me to be placed in a locked account of my choice. It will be given over to the financial sector so it can be evaporated before I ever get much of it. It really is my money. My employers and I put in in there.Those wars are the life/money sucking unsustainable beasts.

    +1

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