Considerations against a Statist model Retirement plan. - Deepstash

Considerations against a Statist model Retirement plan.

  • You do not choose whether to participate.
  • You have no say in how the money is to be invested. Even modestly performing mutual funds yield higher returns.
  • You cannot withdraw in response to poor performance and pursue a highly effective one.
  • Government insolvency is a big concern.
  • Decrease or removes the need to learn prudential savings and investment habits. The average worker cannot readily afford to pay into both the government and a private retirement plan.

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lolaf

"You have to go broke three times to learn how to make a living." ~ Casey Stengel

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Smart retirement planning boils down to a few simple truths.

Smart retirement planning boils down to a few simple truths.

  • Time is on your side.  The earlier you start saving money, the more time you give compounding to work for you. 
  • Take risks when you're young.  Although stocks are three times more volatile than government bonds, it earns nearly twice the average annual return.

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