12-23-2003, 07:19 PM
Quote:Originally posted by The Man
Now that that's done. I completely disagree with your hypothesis.
My retirement is so much better from a 401K than a pension. It gave me the ability to leave one job, go to grad school and get another job, while just moving my 401K to the new job.
I would have lost my pension. It gives employees more choices, it gives employers more control over their costs, and it puts money into areas that will spur more growth than a passive pension fund.
portability =/= security. You have not addressed the impending market dip when boomers start retiring and withdrawing funds. Plus you are assuming that you can get a better return with your investments than a compnay can with 100-10,000 times your balance. 401K funds are not protected nor secure. You can lose money and if you do not guesstimate right, you will be starting a new career at 65.
plus 401K benefits quitters.
Eventhough this does not address security, 80K + Pension Plan = 90K + no match DC plan.
<img src="http://www.blazingconcepts.com/img/syd/sloatsig.jpg">
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<center>Boy the way Glen Miller played,
songs that made the hit parade,
guys like us we had it made,
those were the days,
and you know where you were then,
girls were girls and men were men,
mister we could use a man like Herbert Hoover again,
didn't need no welfare states
everybody pulled his weight,
gee our old Lasalle ran great,
those were the days!</center>
________________________________________________________________________________________
<center>Boy the way Glen Miller played,
songs that made the hit parade,
guys like us we had it made,
those were the days,
and you know where you were then,
girls were girls and men were men,
mister we could use a man like Herbert Hoover again,
didn't need no welfare states
everybody pulled his weight,
gee our old Lasalle ran great,
those were the days!</center>