540
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Feb 2024
540 points (97.5% liked)
Technology
59144 readers
2607 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
dont forget getting to gamble with other peoples forced retirement accounts! yay!
Haven't most places moved to 401ks for this reason? I'd never participate in a pension and I imagine the vast majority of those working in the tech industry are smart enough not to as well
I could be wrong I'm basing all this on assumptions about others intelligence
wouldnt it be cool if retirement didnt rely on the market, at all? in any capacity. like, if we werent forced to go with a 'lower risk' tier of the house of cards.
The value of money is based on the market, all aspects of finance are based on economies. Even just a straight up savings account gradually devalues
We fucked up a species when we traded communities for economies.
Pensions are amazing, why the hell would you not want one? 401ks are nice, too, and ideally you find a gig that does both. Yes, there are some companies that have fucked their employees' pensions over, but those are in the minority and doing so is illegal, so those companies tend to be doing other illegal shit as well (e.g. the infamous case of Enron).
A 401k is something, an account, I legally own. A pension is a promise.
I dont want to be pinned down to one company, or because i may want to retire earlyz or because i want actual full 100% control of how my money is invested so that i know it's inline with my religious beliefs and morals
And yet, many (maybe even most) countries in Europe operate on a pension system for retirement. That would include tech workers in said countries as well.
But American companies (and Canadian too?) have mostly done away with them by now