Posted on Dec 2, 2022
'This is a crisis.' Why more workers need access to retirement savings
208
13
5
5
5
0
"Much of the problem has to do with how the retirement system has evolved. Pension plans that used to guarantee a stream of post-career income from employers have given way to 401(k) plans and other retirement accounts that put the responsibility on workers themselves to save."
'This is a crisis.' Why more workers need access to retirement savings
Posted from cnbc.com
Retirement
Personal Finance
Employment
Posted >1 y ago
Responses: 4
3
3
0
@LTC Eugene Chu Placing “responsibility on workers themselves to save” is not a complete response. Those savings should not be available to workers excepting as retirement funds. Last night, a friend told of another friend living in near poverty due to having cashed out his retirement funds to start a business. The business failed!
(3)
(0)
3
3
0
They might benefit ft Education on this from honest brokers and employers!
(3)
(0)
2
2
0
LTC Eugene Chu
"Is there a “retirement crisis?
The fact is, one significant challenge with any retirement system is the longer lives we’re all living. The astonishing increase in life expectancy in the 20 th and 21st centuries is one of humankind’s greatest achievements. However, it’s also a significant cause of a “retirement crisis.”
"Is there a “retirement crisis?
The fact is, one significant challenge with any retirement system is the longer lives we’re all living. The astonishing increase in life expectancy in the 20 th and 21st centuries is one of humankind’s greatest achievements. However, it’s also a significant cause of a “retirement crisis.”
(2)
(0)
Read This Next
Continue with Facebook 
Continue with Google