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moniker what is your ideal national retirement fund system in a paragraph
Right now SS gives you, on average, about ~40% of your lifetime earnings with the rest split between private pensions/investments and personal savings. I'd like to see that ratchet up to around ~70-80% of your lifetime earnings and just get rid of the private pensions/investments through your work. Or, at least, the tax benefits of such.
huh.
you and me, we goin' opposite directions here
Well, defined benefit plans are basically dead and given the costs associated with them I can't really blame anybody for it. Defined contribution plans tend to fail miserably at getting people to actually save the amounts that they need to, but even disregarding that the limitations of plans offered by HR means that most of the benefits that you might possibly accrue get eated away by managed fund fees and the fact that there are legions of stockholders who do not in any way really actively manage their portfolio puts a lot of the benefits of public companies (activist shareholders and oversight) on autopilot even more than they were before.
Plus, on top of all that stuff, having a good retirement is just sort of a universal desire by most people as evidenced by the almost universal availability of retirement benefits in every job that isn't part time/temporary. Given that, it seems to make more sense to truly universalize it and take the associated costs off of business' books/backs. Similar to how I feel towards health insurance. That way you have a more leveled playing field of competition between large incumbent firms and young turk upstarts in terms of attempting to attract talent since you're mostly just able to compete on issues of wages, time devotion, and some various amenities that aren't really transferable. (commute time, quality of your office's architecture, providing in house massage with happy endings, &c.) As it stands you can't really offer as good a retirement package or health insurance as a Fortune 100 company because you don't have the employee pool big enough to negotiate with Vanguard or Blue Cross and Blue Shield or whoever.
Posts
I was so close to posting that clip.
Is that really something similar to something in Red Dwarf? Post a clip if you have it.
I was just jerking off.
I mean around.
Nah, I mean off.
the "no true scotch man" fallacy.
Well, defined benefit plans are basically dead and given the costs associated with them I can't really blame anybody for it. Defined contribution plans tend to fail miserably at getting people to actually save the amounts that they need to, but even disregarding that the limitations of plans offered by HR means that most of the benefits that you might possibly accrue get eated away by managed fund fees and the fact that there are legions of stockholders who do not in any way really actively manage their portfolio puts a lot of the benefits of public companies (activist shareholders and oversight) on autopilot even more than they were before.
Plus, on top of all that stuff, having a good retirement is just sort of a universal desire by most people as evidenced by the almost universal availability of retirement benefits in every job that isn't part time/temporary. Given that, it seems to make more sense to truly universalize it and take the associated costs off of business' books/backs. Similar to how I feel towards health insurance. That way you have a more leveled playing field of competition between large incumbent firms and young turk upstarts in terms of attempting to attract talent since you're mostly just able to compete on issues of wages, time devotion, and some various amenities that aren't really transferable. (commute time, quality of your office's architecture, providing in house massage with happy endings, &c.) As it stands you can't really offer as good a retirement package or health insurance as a Fortune 100 company because you don't have the employee pool big enough to negotiate with Vanguard or Blue Cross and Blue Shield or whoever.
where does one buy this?