401k plans are a corrupt system that benefits stockholders. Forcing workers to invest in their stocks so they can get rich while we can lose it all and have no retirement.
This is why the mentality of staying with an employer for a long time went away. When companies stopped being loyal to their employees, employees stopped being loyal to companies.
Retirement age of 72 while life expectancy is 77.
Vanguard is getting richer off of this, while workers can’t access their own funds without qualifying events. If stock market crashes we lose!
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