Originally Posted by
CaptCoolHand
Rascal I get what you're trying to say, but you're incorrect here. Everywhere has short comings. Even SWA has a swpf or wherever it's called. And in my experience it was highly inadequate.
Best friend of mine had his wife go through cancer SWA. With three kids he ate through sick luv and vacations in about 8 months trying to keep it together. SWPF did nothing for him as he was not the one who was sick. He was ready to dive into his 401. Long story short I started up a go find me and we raised a huge amount of money in a very short time. His retirement is intact and she is 100% now.
Even after we get the CBA. We need to look out for each other.
Life happens.
Totally get it and contribute. However, I consider that 401K to be part of the individual's assets. IMO the BPF should be an avenue of last resort after hitting the 401. I've raided mine and not asked for help when my family was sick. Likely have people with hundreds of thousands in 401K funds and they're asking for assistance to the tune of what? Thousands? I'm not in agreement with that. To me, you should have exhausted all other resources- including selling things - before asking others. Again, just the way I was raised. You don't roll up in an Escalade asking for a free turkey at Thanksgiving. I've seen too many cases of Go Fund me accounts only to see Facebook pics at Disneyland 2 weeks later. Really? To be clear I'm not saying that's the case in your example at all, but retirement should be on the table. Life happens as you say and that requires difficult and uncomfortable financial measures.