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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) |
Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 09:47 PM Original message |
401k Plan or Pension? Which Do You Prefer? |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 09:49 PM Response to Original message |
1. Currently my company offers both, So I don't have to choose |
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Pavulon (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 09:49 PM Response to Original message |
2. Both.. |
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Monkeyman (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 09:54 PM Response to Original message |
3. Both took a hit 9/11 |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 09:58 PM Response to Original message |
4. There are a lot of unfunded pensions. I think it is fraud, plain and simple |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:00 PM Response to Reply #4 |
5. Couldn't agree more |
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NRaleighLiberal (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:00 PM Response to Original message |
6. We have a decent 401K, and switched to a useless cash balance |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:04 PM Response to Original message |
7. The downside to the 401K's... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:09 PM Response to Original message |
8. There is no reason why a defined benefit pension plan can't be portable |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:12 PM Response to Reply #8 |
11. Portable pensions would be a good thing if... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:16 PM Response to Reply #11 |
14. Your employer "holds" your money in your 401(k) until you quit or retire |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:31 PM Response to Reply #14 |
19. None of my employers have done that |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:33 PM Response to Reply #19 |
23. But you can't get at the money until you quit or retire |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:37 PM Response to Reply #23 |
26. Ah, okay. I misunderstood |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:39 PM Response to Reply #26 |
28. oops.-- deleted |
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Generic Brad (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:11 PM Response to Original message |
9. I have both |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:12 PM Response to Original message |
10. Pension with an annual Cost of Living Adjustment.... |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:13 PM Response to Reply #10 |
12. I suggest you talk to a United Airlines pilot pronto. nt. |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:24 PM Response to Reply #12 |
17. The question was... Would I prefer a Pension or a 401K. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:31 PM Response to Reply #17 |
21. Nice summary |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:35 PM Response to Reply #17 |
24. Given those things, I'd take a pension too |
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shanti (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:13 PM Response to Original message |
13. pensions |
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OPERATIONMINDCRIME (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:22 PM Response to Original message |
15. My Company Has Both, With The 50% Match. Lots Of 401k Choices Too. |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:14 PM Response to Reply #15 |
46. Nice User Name OM |
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OPERATIONMINDCRIME (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:26 PM Response to Reply #46 |
56. Hey, Not A Bad One Yourself! |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:23 PM Response to Original message |
16. A book everyone should read: The Great 401(k) Hoax |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:36 PM Response to Reply #16 |
25. The sad reality about 401K's is Americans need to face up to the |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:56 PM Response to Reply #25 |
36. We have an aging population with a high cost/high benefit workforce, |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:28 PM Response to Original message |
18. Most employers don't do a 50% match for the ordinary worker! |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:33 PM Response to Reply #18 |
22. Not a full 50% match |
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Mme. Defarge (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:31 PM Response to Original message |
20. I think |
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Nickster (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:38 PM Response to Original message |
27. So a 401k is all safe and secure? What exactly happened to all those folks |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:45 PM Response to Reply #27 |
31. If I remember correctly... |
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Nickster (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:49 PM Response to Reply #31 |
33. Decided to invest all of their money into Enron stock after they were told how |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:04 PM Response to Reply #33 |
41. No doubt Enron was a fraud |
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Nickster (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:16 PM Response to Reply #41 |
49. Do I doubt the outcome would have been different? You haven't read up on ERISA have you? |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:24 PM Response to Reply #49 |
55. Pensions are insured, but... |
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Nickster (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:35 PM Response to Reply #55 |
58. No, that's not true at all. |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:43 PM Response to Reply #58 |
59. Hmmm, good to know |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:55 PM Response to Reply #31 |
35. One of the problems was they were FORCED to take company match in Enron stock |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:05 PM Response to Reply #35 |
42. My company does the same thing |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:07 PM Response to Reply #42 |
43. And that's the problem |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:15 PM Response to Reply #43 |
48. I agree it's a problem |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:19 PM Response to Reply #48 |
51. Think there isn't 401(k) theft? Think again... |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:21 PM Response to Reply #51 |
53. Well, nothing is 100% safe |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:31 PM Response to Reply #51 |
57. Looks like Susan Longo found a way to retire on 401(k)s.... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:10 PM Response to Reply #35 |
44. Another of Enron employees' problems was the freeze on movement |
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Rage for Order (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:16 PM Response to Reply #44 |
50. And if i remember correctly... |
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Mme. Defarge (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:54 PM Response to Reply #27 |
34. At Enron |
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1932 (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:40 PM Response to Original message |
29. I suspect that, not in the too distant future, everyone's going to wish they |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:41 PM Response to Reply #29 |
30. I think you are correct |
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Swede (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:48 PM Response to Original message |
32. Open Letter to U.S. House Leader John Boehner: The Biggest Pension Heist in History |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:59 PM Response to Reply #32 |
38. The Pension "Protection" Act is an abomination |
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sandrakae (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 10:58 PM Response to Original message |
37. 401k is better. It can't be stolen by your company. |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:04 PM Response to Reply #37 |
40. Please read "The Great 401(k) Hoax" |
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Hugin (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:10 PM Response to Reply #37 |
45. That's what my wife thought... |
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antigop (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:14 PM Response to Reply #37 |
47. And there is no 401(k) theft? Really? Read this WSJ article |
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Swede (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:04 PM Response to Original message |
39. Here are a couple of links that go into this subject. |
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Catherine Vincent (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:20 PM Response to Original message |
52. Both. |
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question everything (1000+ posts) Send PM | Profile | Ignore | Sat Nov-18-06 11:23 PM Response to Original message |
54. Define pensions worked when people worked for the same employer |
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MercutioATC (1000+ posts) Send PM | Profile | Ignore | Sun Nov-19-06 01:04 AM Response to Original message |
60. Federal employee. I have both (plus early Social Security benefits). |
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sinkingfeeling (1000+ posts) Send PM | Profile | Ignore | Sun Nov-19-06 11:21 AM Response to Original message |
61. I like my pension check that is automatically deposited the first of each month. |
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B Calm (1000+ posts) Send PM | Profile | Ignore | Sun Nov-19-06 10:09 PM Response to Original message |
62. Why can't we have both? |
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