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Why a 401(k) Will Yield You More Money Than a Pension
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<blockquote data-quote="Sissy Brown Short Shorts" data-source="post: 5614237" data-attributes="member: 67435"><p>I operate under the assumption I won’t get a pension. I think ours is insolvent in a couple years anyways and has been completely mismanaged. Pensions were great when you worked until 65 and dropped dead at 68 sixty years ago. It is ridiculous that you can retire and collect a pension for as long as you worked at the company. It’s not really feasible given our longer lifespan. I throw 12% into a 401k and plan on not doing anymore big spending. I have the dream house and hopefully the old lady doesn’t divorce me and mess all that up.</p></blockquote><p></p>
[QUOTE="Sissy Brown Short Shorts, post: 5614237, member: 67435"] I operate under the assumption I won’t get a pension. I think ours is insolvent in a couple years anyways and has been completely mismanaged. Pensions were great when you worked until 65 and dropped dead at 68 sixty years ago. It is ridiculous that you can retire and collect a pension for as long as you worked at the company. It’s not really feasible given our longer lifespan. I throw 12% into a 401k and plan on not doing anymore big spending. I have the dream house and hopefully the old lady doesn’t divorce me and mess all that up. [/QUOTE]
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Why a 401(k) Will Yield You More Money Than a Pension
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