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To: Harmless Teddy Bear
This is why a 401k is actually safer than a government or union run pension.

A bigger reason is that your 401K, if invested in a sound fund like Vanguard, will get a much higher rate of return than government pensions, which have to comply with mandates like "have a woman/minority owned fund manager" and "divest in all politically incorrect companies".

37 posted on 04/24/2017 4:28:58 PM PDT by PapaBear3625 (Big government is attractive to those who think that THEY will be in control of it.)
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To: PapaBear3625
The other reason is that people change jobs.

I have worked for well over a dozen companies. All of them had a 401k except for the first that offered a pension.

I got nothing from the first job but every job since has paid into my retirement. When I leave I roll it into my IRA. If they go out of business, get bought out who cares? My part is safe.

38 posted on 04/24/2017 4:49:07 PM PDT by Harmless Teddy Bear (Not a Romantic, not a hero worshiper and stop trying to tug my heartstrings. It tickles! (pink bow))
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