Some 401(k) plans may cut you a monthly check
Vložit
- čas přidán 1. 05. 2024
- Some companies are offering fixed monthly checks from a portion of workers' 401(k) retirement plans, according to a new report by the Wall Street Journal. CBS News contributor Javier E. David breaks down the process gaining momentum.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News CZcams channel: / cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on Twitter: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
![[Vowel]물고기는 물에서 살아야 해🐟🤣Fish have to live in the water #funny](http://i.ytimg.com/vi/3G9MH063Cx4/mqdefault.jpg)
This seems like a scam. No thanks!
They didnt explain a damn thing in this report!
Exactly!!!
Annuity, that means some administrator is going to steal your money when you die. Account could have a million dollars in it and your family would end up with $250.000 life insurance policy if they are lucky.
@@toby7291 Exactly!
Who trusts Blackrock??? No thanks leave my 401 alone! It's already wealthy playing with poor peoples money
Annuities are terrible. Guess what, most annuities payments don't adjust for inflation.
And most annuities have life insurance policies in them for when the owner dies. The Family of the deceased gets a small life insurance payment and the company keeps the balance of the account.
Terrible. What a horrible investment. It’s an annuity.
I'm pretty sure we shouldn't be trusting a company like Blackrock. I sense it is possible that their getting a favorable review in this spot has to do something with money, too. Call me crazy.
That didn’t tell me anything about the actual plan
The people who love annuities the most are the folks who sell them to you……..😂
And us regular, not rich, people can trust BlackRock with our retirement money?
Who? 401k plan holder, pay attention. When and what are missing on this report...
If the monthly amount adjusts for inflation, it's worth considering, because the total income tax might be much less than the income tax on a lump sum payment.
this sounds like they are reinventing the pension
Sounds like they are calling an annuity a “401k pension”. Annuities for the most part are awful investments. You may get a guaranteed payout, but the growth over time is much less than investment in the S&P 500 funds in a 401k.
An annuity funds the exclusive needs of a person incapable of managing the spend down of their own money but independent of a trustee acting on their behalf. Similar to a charitable remainder trust except you are your own charity. So unless you’re brain dead stay away from annuities.
The financial advisor at the union says 401k is not a retirement plan. We get real pensions that won't be subject to maintenance fees. We do however have options to invest our 401k like most other plans.
Of course a 401k is a retirement plan. Unions hate it because it's your money you control. The pension requires you to give money to the union to manage forever.
@thedopplereffect00 My health and wellness package includes free pension, free medical, and matching 401k. None of this affects my take-home wage. The fact that we let big financial institution call a 401k a retirement plan is a scam. My pension will never lose money, a 401k does.
@@thedopplereffect00No, it doesn’t always require you to give your own money into the Pension. I work for a Publicly traded Fortune 100 company, and I’m also part of a union. We have a company funded pension, and we also have a 401K with a 6% match. So no, you don’t always have to put your money into the company’s pension.
@@thedopplereffect00You sound like one of those anti-Union people who thinks all Unions are bad. When in reality, if you worked in a Union, you would see the benefits far outweigh the negatives.
@@thedopplereffect00no real knowledge of how unions work and how much they are a positive for members I feel sorry for you
Babbling
Good no print print out social security checks maybe new rules laws depositing to free debit cards maybe not definately
Hmmm 🤔 revolutionary 👍
ANOTHER RIP OFF. ANNUITY WORST INVESTMENT. YOU BUY IN . TELL ME ONE GOVERNMENT . EMPLOYEE WHO BUYS INTO THEIR PENSION
WTF! This is a Privatized social security and forced annuity!?!? Don't people understand the only way for us to be free it's you control your own destiny, which including money!
@planyourfederalbenefits