A: Well that was an interesting documentary!
B: For sure! I didn’t really understand some ofthe
technical jargon they used inthe film when they
talked about social security in the US.
A: Like what?
B: Well, they mentioned how people put away money
in something called a 401K?
A: Yeah, I know it sounds weird, but a 401k is a type
of retirement plan that allows employees to save
and invest for their own retirement Through a you
can authorize your employer to deduct a certain
amount of money from your paycheck and invest
it inthe plan Everyone tries to contribute as much
as possible so that when you retire, you can rest
peacefully on your nest egg.
B: That’s interesting and logical I guess. In my coun-
try, we also have to contribute to a government-
run retirement fund, but most people don’t really
trust itso they just invest in properties or things
like that.
A: That seems a bit unstable don’t you think? |