• WarmSoda@lemm.ee
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    10 months ago

    Nope. Company matching and everything.
    You can doubt all you want, but I’m the one sitting here without anything to show for being in the workforce my whole life.

    You seem to be in complete disbelief that other people have a hard time, questioning anyone that relays 401k does almost nothing for them. It must be nice for you to be in a better position, a huge portion of the population is not though.

    • meco03211@lemmy.world
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      10 months ago

      If you put “money in for decades” it would be almost impossible to only have enough for “two months rent” at this point. Either you’re not telling the whole story or you were literally robbed.

      • crusa187
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        10 months ago

        This still doesn’t explain the “only 2 months rent” part, but I’ve had friends who thought they were investing in a 401k but were seeing virtually no growth. Upon looking into it, they hadn’t allocated funds but were required to do so, so the money was sitting in a cash reserve pile earning the typical .02% interest.

        So, this could mean losing out on 30 years of gains if it were to go on long enough. But 30 years of deposits should still have been way more than 2 months rent so dunno what to say about that part

    • june@lemmy.world
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      10 months ago

      I put 4%, matched by my employer, for 5 years and have 40k in there. Have you sorted out where the money all went? It’s wild that you can contribute and have nothing.

      Or is your rent like 80k/month? lol