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0 pointswcummings10y ago0 comments

Pensions weren't/aren't invested in the market similarly to 401k's?

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Yes. Always were. It's economics literacy that seems to be absent.

The people that are nostalgic for defined benefit pensions never seem to remember the corrupt Teamsters' pension funds. They only remember how their Fidelity 401k did in 2008.

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tosseraccount10y ago

Yes. Always were. It's economics literacy that seems to be absent.

The people that are nostalgic for defined benefit pensions never seem to remember the corrupt Teamsters' pension funds. They only remember how their Fidelity 401k did in 2008.

j / k navigate · click thread line to collapse