Investment Ads/Retirement Ads Just Plain Mostly Bullshit. Few People Will Retire Way We Are Going.

[TheMastersNemesis]

The GOP and its hugely rich allies has pretty much FUCKED people who work. They have destroyed any concept of the school contract between workers and the employer. Job security is being replaced by a "gig" economy and contingency work schemes. Workers are being exploited and screwed as never before in history. We are headed back to the 1920 and beyond where the employers and owner class HAS ALL THE ADVANTAGES.

The loss of unions, deregulation, lax or weak enforcement of labor laws, wage theft and other kinds of employer thievery is now epidemic. And it will increase even more dramatically under Trump. He does not only NOT pay his bills he pays his employees the bare minimum or less. So how can we expect him to respect work.

Most people do not make enough to save fore retirement. And if you have a good nest egg you will get taxed in the end. That is if you do not lose a lot of your money to fees and market losses over 30 or 40 years.

Most investment packages contain high fees or high risk of loss. There are very few investment vehicles that ae secure or lucrative. Yes the system is rigged. And now the GOP wants to end Social Security and Medicare and gut health care.

[genxlib]

1. And there is a compounding effect

Older people staying in the job market longer prevents younger people from advancing and having wage gains. Over time, those people will also have to work longer.

The best thing that could happen for the job market and wages would be a healthy retiring class. this would open up jobs all over the economy and result in more spending by those individuals.

The really unfair part about all this is the divide between blue and white collar. It really isn't a big deal for a lawyer or banker to work into their seventies. But there are a lot of people working in jobs that are much more physically demanding that simply won't be able to do the work. So the effects are completely upside down from the realities that these individuals face.

[dawg day]

3. I'm one who is keeping a job a young person should have

I never got a job with a pension until I was 59, and I have to work 10 years to be vested. (It's not a difficult job, fortunately.) It doesn't pay very well, and would be a great "entry" job for someone who wanted to get started in the profession. (Yeah, that's my life... I end up in the entry job!)
But sorry, kids, I'm keeping it to get vested... and the day I get vested, you all can have the job!

[genxlib]

4. You don't have to be sorry

It wasn't your doing to get us to this place.

I'm surprised there still are pensions to be found anywhere.

[Ohiogal]

2. And didn't the GOP

get rid of the Obama era requirement that your financial advisor is required by law to advise you with your best interests first and foremost?

That really got to me. They screw your future and their followers bend over and smile.

[rownesheck]

5. Wait! What?!

You mean, you're not going to have a million dollars saved when you're ready to retire?!

I hate those commercials. Who the hell is going to have a million dollars ready to retire on? Oh right, the 1%.

[TheMastersNemesis]

6. Most Of The Ads Offer False Hope. The Ameritrade Ad Is The Most Dishonest Bullshit.

Investing for yourself and trading often is as bad as playing roulette. Your chances are very slim that you will gain. And who has time to pay attention to the stock market 24/7 for 40 years and make all the right betting trades. Besides it costs money to trade so often. And you spend money on fees. Chances are you will be on the losing end.

The end of the "social contract" between employers and employees, the trashing of long term job security, and the changes in pension liability laws allowing pensions to be called assets and not liabilities pretty much screwed workers.

I keep saying that the meme "competing in the global" market is code for "wage parity" with the lowest paid workers on earth. Yet no one seems to understand what the GOP has been up to. Dropping wages and benefits for the masses has created all these billionaires since Reagan.

[ooky]

7. The social security trust fund

is now like the chicken for the wolf in the hen house. The wolf, of course, Republicans.