Description
Nearly three-quarters of all 401(k) money is held in stocks, according to a Vanguard report from 2021. This year it's been mostly down: The S&P 500 has sunk 22%, the Dow Jones Industrial Average has lost nearly 13% and the Nasdaq Composite has fallen more than 30%.
Of course if you are a govt employee, the government (THE TAX PAYER) pays your pension. The govt has no money of their own. It's either your money or it's borrowed debt which your grand children will pay.
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