Comments on: The crisis of faith https://www.golemxiv.co.uk/2010/08/the-crisis-of-faith/ Author of THE DEBT GENERATION Thu, 06 May 2021 15:04:21 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Golem XIV - Thoughts https://www.golemxiv.co.uk/2010/08/the-crisis-of-faith/#comment-854 Mon, 23 Aug 2010 20:00:31 +0000 http://www.golemxiv.co.uk/2010/08/the-crisis-of-faith/#comment-854 Well I find pensions a bit of a mine field as well. There are so many permutations each with its own ways of being subverted and pillaged.
The only solid thing you can say without fear is that they are all in serious, serious trouble. Most will be bankrupt within two decades.

I hesitate to try to answer any detailed questions about the US system. I just don't know enough. Sorry.

]]> By: frog2 https://www.golemxiv.co.uk/2010/08/the-crisis-of-faith/#comment-853 Mon, 23 Aug 2010 19:51:59 +0000 http://www.golemxiv.co.uk/2010/08/the-crisis-of-faith/#comment-853 At the same time, the percentage of 401(k) participants that had an outstanding loan from their account rose to a record high of 22% in the second quarter. The average loan amount was $8,650 at the end of the quarter. CNN

I didn't know a thing about this, and looked, so the 401K is administered by corps like Fidelity, and there is no state pension as we know it ?

Tks for reply on last post question !

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