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Started By
Message
re: Retirement "Inequality"
Posted on 4/7/23 at 11:24 am to pochejp
Posted on 4/7/23 at 11:24 am to pochejp
“At my job,a lot of the black people don’t participate in 401-k”
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
My manager had a Masters degree and told me she couldn’t afford to even do the minimum.
Then when the market crashed 2008-2009,quite a few people in the hospital cashed in,paid the extra taxes and paid the 10% penalty.
Financial literacy is very much lacking for both blacks and whites.
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
My manager had a Masters degree and told me she couldn’t afford to even do the minimum.
Then when the market crashed 2008-2009,quite a few people in the hospital cashed in,paid the extra taxes and paid the 10% penalty.
Financial literacy is very much lacking for both blacks and whites.
This post was edited on 4/7/23 at 11:26 am
1
Posted on 4/7/23 at 3:59 pm to LSUA 75
quote:
When I was working ICU,maybe 1/2 the nurses( mostly white)participated and we made pretty good money. They wouldn’t even do the minimum to get the match.
I believe that. My brother worked for Shell for 5 years before I convinced him to start contributing. Here now some 15 years later he thanks me often. Lol
quote:
Financial literacy is very much lacking for both blacks and whites.
Agreed 100%
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