There’s nothing “dumb” with building wealth (to finance retirement or otherwise) with stocks/funds. It’s the primary mechanism the rich use to build and retain wealth.
Pensions have major issues. The government has not made a very good case for “we should manage more retirement funds” with the state of the SSI trust. 401ks are a next move to address downfalls and failures with how other options have played out. But yeah anyone can do dumb shit with money to their detriment; that’s very difficult to overcome.
Pensions have major issues. The government has not made a very good case for “we should manage more retirement funds” with the state of the SSI trust. 401ks are a next move to address downfalls and failures with how other options have played out. But yeah anyone can do dumb shit with money to their detriment; that’s very difficult to overcome.