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Your Pension Thoughts
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<blockquote data-quote="Re-Raise" data-source="post: 816647" data-attributes="member: 16501"><p>Okay I 'll take the counter point. </p><p> </p><p>I don't see how pouring more money into a pension fund that may or may not stay afloat long enough for me to collect from is better than having the money in my hand now to invest as I wish. </p><p> </p><p>The pension plans are still claiming they are underfunded from the market downswing in 08-09. My investments have recovered everything I lost during the fall.</p><p> </p><p>I have 25 years in and look at the pension sort of like social security. I don't trust there to really be any money left for me and I will control my finances so that I don't need it.</p><p> </p><p>I have no debt and enough in the bank and markets for retirement with or without the pension. Give me the raise instead of raising the pension contribution. I trust myself more than I trust them.</p></blockquote><p></p>
[QUOTE="Re-Raise, post: 816647, member: 16501"] Okay I 'll take the counter point. I don't see how pouring more money into a pension fund that may or may not stay afloat long enough for me to collect from is better than having the money in my hand now to invest as I wish. The pension plans are still claiming they are underfunded from the market downswing in 08-09. My investments have recovered everything I lost during the fall. I have 25 years in and look at the pension sort of like social security. I don't trust there to really be any money left for me and I will control my finances so that I don't need it. I have no debt and enough in the bank and markets for retirement with or without the pension. Give me the raise instead of raising the pension contribution. I trust myself more than I trust them. [/QUOTE]
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