So it’s the same thing at best out a worse option.
It’s not though. With a pension someone work that knowledge manages that investment. With a 401k, the employee is. Except most employees don’t have that kind of time or expertise. So, it’s “our fault” that we end up with a poorly managed retirement when… we could just do pensions.
It’s not though. With a pension someone work that knowledge manages that investment. With a 401k, the employee is. Except most employees don’t have that kind of time or expertise. So, it’s “our fault” that we end up with a poorly managed retirement when… we could just do pensions.
Every 401k account I’ve ever had comes with a “let us manage it for you” option.