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In Reply to: Government is the only entity that can. posted by ghost of olddude55 on July 17, 2021 at 09:52:14:
I never collected unemployment in my life. I found a crappy job to help me get to the next real job.
Tax deferred or after tax savings both work. So thank you government for letting me save some money and not taking it all. I paid into SS for 40 years. Some don't live to recover what they paid in and some live to receive more. It's kind of like a insurance. If the government hadn't taken SS taxes out of my pay, I would have had more to contribute to my 401K. Money in a retirement account doesn't get reduced or go away when you die.
What I'm selling that you aren't buying, is that it's much better to take care of yourself and not depend on some entity, program or whatever.
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Follow Ups
- RE: Government is the only entity that can. - srdavis2000 10:10:22 07/17/21 (10)
- RE: Government is the only entity that can. - tweaker456 10:36:56 07/17/21 (2)
- RE: Government is the only entity that can. - srdavis2000 10:53:41 07/17/21 (1)
- RE: Government is the only entity that can. - tweaker456 11:29:15 07/17/21 (0)
- RE: Government is the only entity that can. - tweaker456 10:30:12 07/17/21 (0)
- If government hadn't created the 401(k), you'd likely have nothing. - ghost of olddude55 10:17:20 07/17/21 (5)
- +1 Private sector employers...renege on pension guarantees all the time. - Jay Buridan 16:46:48 07/17/21 (0)
- RE: If government hadn't created the 401(k), you'd likely have nothing. - srdavis2000 10:45:35 07/17/21 (3)
- I'll be dead, so why do I care? - ghost of olddude55 11:13:25 07/17/21 (2)
- RE: I'll be dead, so why do I care? - srdavis2000 11:39:08 07/17/21 (0)
- RE: I'll be dead, so why do I care? - tweaker456 11:32:38 07/17/21 (0)