12-23-2003, 08:18 PM
and I am not saying that a pension plan would be better for you (well, not a traditional). You are young and mobile. A non traditional plan would be more beneficial to you. Imagine a plan based on 5% of pay with 8% interest credited on the prior years balance. When you leave in 6 years to jump to a competitor offering a 15%, you can take that balance and put it into their 401K plan. That would be a Cash Balance.
<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>
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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>