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45 sats \ 4 replies \ @SimpleStacker 20 Jan \ on: Gen X and Retirement Benefits: Uncertainty Abounds econ

I'm slated to have a generous pension in many years, but I'm operating as if it won't be there. I'm not gonna place my future in the hands of fools. If the pension is still solvent when I retire, that'll be just a bonus, but I fully plan to be sufficient without it

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30 sats \ 2 replies \ @Undisciplined OP 20 Jan

You got in on a defined benefit plan?

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44 sats \ 1 reply \ @SimpleStacker 20 Jan

Yep, CalPERS.

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0 sats \ 0 replies \ @Rothbardian_fanatic 20 Jan

Ouch!!! Look out for Blackrock!

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30 sats \ 0 replies \ @Rothbardian_fanatic 20 Jan

In California, I would count on it not being there at all. They will have to start robbing the pensions soon to pay off the deficits. I think there will be nothing but self-custodied assets. I do not mean self custodied paper assets, either. I think it will be the same all over the country by then. I also think 401Ks are going to be snuffled up by the state, somehow, too.

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