What a $1M Retirement Looks Like in America

Re:What a $1M Retirement Looks Like in America by maxerickson on Tuesday December 27, 2022 @09:40PM (#34156915)

It's not like every job came with a pension before 401ks (apparently it peaked at about 50%). And partially vested pensions have their own issues (deferring compensation and then not receiving it).

I'm not actually arguing that 401ks are a solution to retirement though. I'm arguing that they weren't initially designed as a tax shelter for the wealthy.

I'm not sure what an improved system looks like. Probably something like a pension where the employer is not allowed to be the entity responsible for paying out the benefit (so that present day promises can't be funded with future contributions).

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Re:What a $1M Retirement Looks Like in America by maribi on Thursday December 29, 2022 @06:25AM (#34171581)

I have an Israeli federal pension, but there was a problem with getting it, helped me here https://zashita.co.il/ , had to take care of all the bureaucratic problems, and then recalculate the pension, so now I get almost the same salary as before, but now on the due rest

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