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In reply to the discussion: Let me explain to you what happened to pensions [View all]reformist2
(9,841 posts)77. I really don't care about pension law. I'm talking about common sense.
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Thank you for putting it simply. What are people to do with the retirement money. Where
southernyankeebelle
Feb 2013
#4
Not just most of us ordinary people who don't know how to invest properly.
Curmudgeoness
Feb 2013
#19
That's the truth. It scares me for my son and his child for the future. I'm old now but
southernyankeebelle
Feb 2013
#26
My father in law took $300,000 in 1990 and tripled it before he died last year
mountain grammy
Feb 2013
#30
I switched to a small local bank thats been in town a very long time. No BS, great people.
xtraxritical
Feb 2013
#18
Depends, there were many ways they were calculated and vesting sometimes came very early
1-Old-Man
Feb 2013
#10
401k are purely a wall street protection scam. WHICH has been turned into a fucking casino.
pansypoo53219
Feb 2013
#15
>There are two important lessons here< Leaving slavery and that labor issue out of the discussion,
jtuck004
Feb 2013
#38
Unlike SS, workers can take $$ out of 401ks & IRAs, it is a big policy mistake.
CarmanK
Feb 2013
#22
A "defined contribution" pension isn't a pension plan at all. It's a savings account.
reformist2
Feb 2013
#31
Actually, according to pension law, it is. It's a defined contribution pension. nt
antigop
Feb 2013
#71
well...it makes a difference when you are trying to find out what your rights are. You have to look
antigop
Feb 2013
#78
It is most definitely fair to criticize them. You are suggesting that it is fine for them to use you
jtuck004
Feb 2013
#40
In Wisconsin they are selling this as a contribution package and not as a benefits package...
midnight
Feb 2013
#34
People who change jobs frequently are generally better off with a 401k than a traditional pension.
Nye Bevan
Feb 2013
#41
Why not simply tax corporations that don't provide pensions to establish a national pension fund?
leveymg
Feb 2013
#43
My state university pension is portable. Reciprocal agreements with other states are also common.
Gidney N Cloyd
Feb 2013
#60
Right. and Federal government pensions are portable. If you move from the Post Office to
grantcart
Feb 2013
#62