I have a government annuity, and retired. I had money in the stock market through indvidual stock, and mutual funds. I did quite well for several years. I too, pulled mine out when the dems took over. So I'm retired and feeling good about it.
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I have a government annuity, and retired. I had money in the stock market through indvidual stock, and mutual funds. I did quite well for several years. I too, pulled mine out when the dems took over. So I'm retired and feeling good about it.
I have pension with a guaraneteed benefit that will pay me a guaranteed amount until the day I die. My Union fought for it, and obviously given current events a pension is better than a 401(k), given that we're in the throes of a second great republican depression.
You republicans hate unions, pensions, and worker benefitts....and you love the freedom of the market and making workers place their money in the stock market. I hope your 401s recover, I honestly do. And I hope you'll rethink your hatred for unions, and rethink privitizing social security and putting your FICA in the stock market.
I think I'll be fine with a pension and social security which wil pay me guaranteed benefit, unrelated to the stock market fluctuations.
Just curious. How will your company pay your pension if the Obama policies cause the company to fail? And aren't most companies retirement accounts invested in the stock market?
Pensions are legal obligations that have to be paid out. Companies are required by law to set aside money to pay pension obliga tions. It doesn';t matter how the stock market does.
Anything's theoretically possible. The country could crash and burn, like Limbaugh and many republicans "hope" it does....and pensions obligations could be defaulted.
but there's almost zero chance of my pension being defaulted on. And liberals wisely instiuted tthe Pension Guarantee Corporation, for the rare times a major company ever defaults on pension obligations.
the bottom line is that a pension is not only superior to a 401k....its safer. There are cons at my work And if you asked them to trade in their gold-plated pension for a 401k, I can guarantee you with 1000% certainty, they would turn you down. They would rather have their nice, gold plated union pension.
Cons may hate unions and hate pensions. But when push comes to shove, Con prefer to live and work in the liberal world. Cons in congress talk the wonders of 401ks. But when Bernie Sanders introduced legislation to turn congressmen's federal pensions into 401ks, every republican senator turned down the opportunity to convert their pensions.
Just curious. How will your company pay your pension if the Obama policies cause the company to fail? And aren't most companies retirement accounts invested in the stock market?
who would pay it if these companies failed anyway?
ever heard of the Pension Benefit Guarantee Corporation?
Or is your retirement all in Social Security?
If you do have a 401k how is it doing since Obama took over?
Or is your retirement all in Social Security?
If you do have a 401k how is it doing since Obama took over?
who would pay it if these companies failed anyway?
ever heard of the Pension Benefit Guarantee Corporation?
Can you elaborate on that? So that means my money is safe, no matter what? (From my Retirement Fund and PERF)