Posted on Oct 17, 2024
Here's why the U.S. retirement system isn't among the world's best
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"The lackluster standing by the U.S. in the world is largely due to a sizable gap in the share of people who have access to a workplace retirement plan, and for the ample opportunities for “leakage” of savings from accounts before retirement, Mahoney said."
Here's why the U.S. retirement system isn't among the world's best
Posted from cnbc.comPosted in these groups: 
Retirement
Investing
Retirement Investing
Posted 1 mo ago
Responses: 3
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One of many things we don't do well here. But people will still red-faced scream at you if you don't say we are the best country in the world. Maybe if we tamped down some of the greed and power mongering, we could get a little better.
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LTC Eugene Chu Having lived in Europe, Yeah We kinda look like a 3rd World State in Many Ways!
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I know some times circumstances dictate how someone handles their money but that should be a temporary thing not the norm. Foolish is the one who cashes out their 401 every time they switch jobs or those who do not participate. I have always advocated to at minimum put in as much as will get you the most of Employer Matching funds.
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