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moose65

(3,166 posts)

19. That's not really true

Reply to not_the_one (Reply #16)

Thu Feb 13, 2020, 09:38 PM

Feb 2020

If you’re a state employee in Louisiana, you’re probably not covered by Social Security but by a state pension system. Other workers in Louisiana pay into Social Security, though.

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31 replies

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Highlight:

401(k)s hit records as workers sock away more, stocks jump [View all] Omaha Steve Feb 2020 OP

401k's Averaged a 37.65% gain under President Obama maxrandb Feb 2020 #1

Interesting article. ZenDem Feb 2020 #3

According to the U.S. Census Bureau jayschool2013 Feb 2020 #2

401K is mostly an illusion earthside Feb 2020 #6

Yes, if the average value is $117,000, that is nowhere near enough to live on csziggy Feb 2020 #13

Those are piddling little numbers. Aussie105 Feb 2020 #22

Yes - most Americans have no clue how much is really needed to retire csziggy Feb 2020 #23

That would include people of all ages MichMan Feb 2020 #26

Truth. rownesheck Feb 2020 #30

Not true. MichMan Feb 2020 #31

Thanks for the statistics on % of Americans with 401k plans. I knew it was in the minority. And iluvtennis Feb 2020 #7

GOP will cut social security to screw workers who don't have 401K IronLionZion Feb 2020 #4

That's what I've been thinking. safeinOhio Feb 2020 #9

If you can afford stocks, there are tax benefits to having it in a retirement plan IronLionZion Feb 2020 #10

I've been retired for 18 years. safeinOhio Feb 2020 #11

Get ready DownriverDem Feb 2020 #5

The turd had one trick, the trillion $ tax reduction for the uber rich. not_the_one Feb 2020 #16

That's not really true moose65 Feb 2020 #19

I said state of Louisiana. I worked for the state of Louisiana not_the_one Feb 2020 #20

I had a good amount of money in a 401(k) before the Bush/Cheney collapse. C Moon Feb 2020 #8

National debt Python boot Feb 2020 #12

Getting workers to invest in a rigged game. Brilliant. marble falls Feb 2020 #14

Yep ck4829 Feb 2020 #27

Thank the Fed. They pushed savers into stocks. Yavin4 Feb 2020 #15

Message auto-removed Name removed Feb 2020 #17

Doesn't the 401(k) hit new records all the time? It is an investment designed to grow. Midnight Writer Feb 2020 #18

It depends on what the 401K (or equivalents such as TSP) is invested in nitpicker Feb 2020 #28

The key is asset allocation Abnredleg Feb 2020 #29

Just one question . . . or two . . . . Aussie105 Feb 2020 #21

drumpf come out Monday declaring economy is in "serious trouble" Linda Ed Feb 2020 #24

I can't tell yet with my TSP nitpicker Feb 2020 #25