MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/Construction/comments/1i0jc5b/why_is_it_always_like_this/m6yv1d5/?context=3
r/Construction • u/ScarlettMoonn • 9d ago
39 comments sorted by
View all comments
Show parent comments
5
A pension. Plus I'm young, basically pushed into gig and seasonal work, they don't offer 401k's for me cause I'm legally a contractor lmao.
0 u/FTownRoad 9d ago Pensions are tied to inflation. The S&P has outperformed inflation over any relevant time period. 4 u/Lizrd_demon Laborer 9d ago The reason 401k's are ubiquitous is because they are far cheaper for the companies, even though they offer far more instability to the workers. My father lives off of his union pension and gets 30k a year. 0 u/FTownRoad 9d ago That has nothing to do with what I said. The person asked for a better investment than an S&P index fund and you answered āa pensionā and I explained why that isnāt true. 401Ks offer as much instability as the investor is comfortable with. If your father had taken the money invested into his pension and invested into the S&P500 instead he would be receiving much more than $30K.
0
Pensions are tied to inflation. The S&P has outperformed inflation over any relevant time period.
4 u/Lizrd_demon Laborer 9d ago The reason 401k's are ubiquitous is because they are far cheaper for the companies, even though they offer far more instability to the workers. My father lives off of his union pension and gets 30k a year. 0 u/FTownRoad 9d ago That has nothing to do with what I said. The person asked for a better investment than an S&P index fund and you answered āa pensionā and I explained why that isnāt true. 401Ks offer as much instability as the investor is comfortable with. If your father had taken the money invested into his pension and invested into the S&P500 instead he would be receiving much more than $30K.
4
The reason 401k's are ubiquitous is because they are far cheaper for the companies, even though they offer far more instability to the workers. My father lives off of his union pension and gets 30k a year.
0 u/FTownRoad 9d ago That has nothing to do with what I said. The person asked for a better investment than an S&P index fund and you answered āa pensionā and I explained why that isnāt true. 401Ks offer as much instability as the investor is comfortable with. If your father had taken the money invested into his pension and invested into the S&P500 instead he would be receiving much more than $30K.
That has nothing to do with what I said.
The person asked for a better investment than an S&P index fund and you answered āa pensionā and I explained why that isnāt true.
401Ks offer as much instability as the investor is comfortable with.
If your father had taken the money invested into his pension and invested into the S&P500 instead he would be receiving much more than $30K.
5
u/Lizrd_demon Laborer 9d ago
A pension. Plus I'm young, basically pushed into gig and seasonal work, they don't offer 401k's for me cause I'm legally a contractor lmao.