@dalecampbl9 If state and local governments do go bankrupt, and if they can't pay those pensions. Then, you as a pension holder must delay your retirement until they can pay it. Simple as pie : ) .As for private 401k pensions, if the company that manages it goes bankrupt, you money is kaput.
@dalecampbl9 You goys are so stupid, just like cattle. Let me explain it to you... There are two types of pensions, private, and government pensions. Private pensions are tied to the stock market, so if the market goes down your investments goes go down. Federal government pensions are backed up by the state, so they will be paid back by the printing press if push comes to shove. If the state or local government goes bankrupt, these governments can not pay out their pensions.
@Celebrus123 this is why when 401Ks are presented, they always SHOW GROWTH...not some bubble up and down rate of returns. Same thing with Pensions. Pensions are supposed to be even stabler than 401Ks. This is why little shits like you need to get a beating, for being supportive of Hitler, and financial crooks.
@Celebrus123 you are wrong...you are equating the risk of 401K to that of gambling in a casino. A 401K is supposed to grow...may be not all the time, but the idea is to use it for retirement...you dumb shit. But what the banks did is find a way to tie 401K in their derivates, which they used to get rich while shifting the money in 401ks to their bank accounts. You think retirement accounts should be like gambling, you little fuck.
@dalecampbl9 A 401K is an investment, and all investments have risk to it. You should have read the fine prints before you signed on to it. 401ks have 3rd party risk attached to it, and liberals like you don't understand it, I know. You made a poor decision, so you are paying for it. Next time, don't put your money in a 401k, lol.
@dalecampbl9 I am 1/4 Jewish you idiot. My grand father was one of the 150,000 Jews who fought in the 3rd Reich. Stop harping on Hitler. Hitler was also partly Jewish, and most Germans have some Jewish blood.
@Celebrus123 shut the fuck up you racist Hitler-loving A-hole. I lost money because my 401K whcih contains MONEY I EARNED!!! got hit by the bankers because they lobbied Congress to allow them to set up complicated financial instruments that are tied to the way my 401K was invested. I have a day job..I dont' spend my time analyzing financial securities. Your are naive stupid fuck who probably has never worked and live w/ur mom with a confederate flag on your bedroom wall.
@dalecampbl9 If state and local governments do go bankrupt, and if they can't pay those pensions. Then, you as a pension holder must delay your retirement until they can pay it. Simple as pie : ) .As for private 401k pensions, if the company that manages it goes bankrupt, you money is kaput.
Celebrus123 1 month ago
@dalecampbl9 Do you understand, or are you just too dumb to understand it?
Celebrus123 1 month ago
@dalecampbl9 You goys are so stupid, just like cattle. Let me explain it to you... There are two types of pensions, private, and government pensions. Private pensions are tied to the stock market, so if the market goes down your investments goes go down. Federal government pensions are backed up by the state, so they will be paid back by the printing press if push comes to shove. If the state or local government goes bankrupt, these governments can not pay out their pensions.
Celebrus123 1 month ago
@Celebrus123 this is why when 401Ks are presented, they always SHOW GROWTH...not some bubble up and down rate of returns. Same thing with Pensions. Pensions are supposed to be even stabler than 401Ks. This is why little shits like you need to get a beating, for being supportive of Hitler, and financial crooks.
dalecampbl9 1 month ago
@Celebrus123 you are wrong...you are equating the risk of 401K to that of gambling in a casino. A 401K is supposed to grow...may be not all the time, but the idea is to use it for retirement...you dumb shit. But what the banks did is find a way to tie 401K in their derivates, which they used to get rich while shifting the money in 401ks to their bank accounts. You think retirement accounts should be like gambling, you little fuck.
dalecampbl9 1 month ago
@dalecampbl9 Why don't you stop whining, you dumb goy.
Celebrus123 1 month ago
@dalecampbl9 A 401K is an investment, and all investments have risk to it. You should have read the fine prints before you signed on to it. 401ks have 3rd party risk attached to it, and liberals like you don't understand it, I know. You made a poor decision, so you are paying for it. Next time, don't put your money in a 401k, lol.
Celebrus123 1 month ago
@dalecampbl9 I am 1/4 Jewish you idiot. My grand father was one of the 150,000 Jews who fought in the 3rd Reich. Stop harping on Hitler. Hitler was also partly Jewish, and most Germans have some Jewish blood.
Celebrus123 1 month ago
@Celebrus123 go worship Hitler you little stupid a--hole. I'm sure u'd like Hitler's regime.
dalecampbl9 1 month ago
@Celebrus123 shut the fuck up you racist Hitler-loving A-hole. I lost money because my 401K whcih contains MONEY I EARNED!!! got hit by the bankers because they lobbied Congress to allow them to set up complicated financial instruments that are tied to the way my 401K was invested. I have a day job..I dont' spend my time analyzing financial securities. Your are naive stupid fuck who probably has never worked and live w/ur mom with a confederate flag on your bedroom wall.
dalecampbl9 1 month ago