Quote:
Originally Posted by Barefootsies
So it's both the company or government's responsibility to take care of you now?
I guess in your world, there is no personal accountability for investing some of your $20-30.00/hour over the 20-30 years you had that job back into your own retirement and financial planning.
You basically are wishing upon a star, despite the writing has been on the wall about this financial crisis, pensions, and alike since I was a kid. I am now 40. I guess when the warning signs were flashing in people's faces for FOUR DECADES, they thought the magic taxpayer tooth fairy was going to come and grant some wishes and re-fund their pensions for them.
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how does a privately insured retirement fund with a third party have anything to do with the government? last time i checked companies don't give the option to opt out of retirement deductions. if people are expected to invest their own, they should be able to not pay the company. what is the point in paying so much in deductions if there is no guarantee that money isn't going to just disappear?