this post was submitted on 03 Oct 2023
961 points (97.3% liked)

Comic Strips

12026 readers
1563 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] solstice@lemmy.world 1 points 11 months ago

Personally I'm way happier with a 401(k) than a pension. Risk is more distributed with a pension, yes, and many people don't have the knowledge or resolve to properly manage their own retirement funds. But pensions are a royal PITA, way more complicated (and expensive) to manage than a 401k. So if I had to choose between money coming out of my paycheck to go into a complicated expensive pension fund that may or may not be around in a few decades, OR a 401k that I have complete control over and can take with me when I leave the company, I'll take the 401k every day of the week.