It seems to me that the employer will fund it either way. Maybe I’m misremembering stories of pensions being mismanaged and lost. I think the most important thing is that the employer actually does something to fund a retirement, in my way of thinking the 401k approach puts me in control of the money so I don’t rely on someone else to not fail.
Whether it’s promised bonuses, stocks, or retirement funds, my motto is always “show me the money”, and I’ll believe it when it’s in my hands.
401ks have way too much fluctuation and uncertainty. I’ll take the stable pension any day. But IMO the stock market is unethical and should be destroyed.
I put a good chunk of my 401k in CDs.
Even if you were retirement age that’s a bad idea
CDs nuts! Ha got him!
Please give this another read over
That’s a terrible strategy. You are going to cost yourself years of retirement.
Feel free to elaborate.
4.5% vs 15%. CDs in particular have been garbage for the past 3 years even more than usual with the unstable rates.