Comment by mandeepj
13 hours ago
> this is disgusting corruption
The guy called 401(k)s a Ponzi scheme. Now, he's coming after them to loot.
13 hours ago
> this is disgusting corruption
The guy called 401(k)s a Ponzi scheme. Now, he's coming after them to loot.
He called Social Security a Ponzi scheme, not 401(k)s.
Both are your retirement funds! So…you call one, you call the other one as well.
Not really. Social security is a defined benefit plan that requires new payors to fund todays expenses. 401ks are a defined contribution plan. Very different.