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<blockquote data-quote="brett636" data-source="post: 996628" data-attributes="member: 249"><p>If you believe that I've got some ocean front property to sell you in Nebraska. There is always risk, and just because there are "rules" doesn't mean the risk magically goes away in whole or in part. I believe local 705 is having some problems with their pension making risky investments and now they are looking at future pension cuts because of it. My pension is in good shape, but if Yellow freight goes bankrupt that could change in a heartbeat. An Indiana state employee's pension lost their shirt when Obama ignored the standard bankruptcy laws and allowed GM and Chrysler's unsecured creditors get paid first rather than last as it should have been. The bottom line here is the only person you can rely on is you. If you are relying on other people to save for your retirement you are setting yourself up for a major disappointment later on in life.</p></blockquote><p></p>
[QUOTE="brett636, post: 996628, member: 249"] If you believe that I've got some ocean front property to sell you in Nebraska. There is always risk, and just because there are "rules" doesn't mean the risk magically goes away in whole or in part. I believe local 705 is having some problems with their pension making risky investments and now they are looking at future pension cuts because of it. My pension is in good shape, but if Yellow freight goes bankrupt that could change in a heartbeat. An Indiana state employee's pension lost their shirt when Obama ignored the standard bankruptcy laws and allowed GM and Chrysler's unsecured creditors get paid first rather than last as it should have been. The bottom line here is the only person you can rely on is you. If you are relying on other people to save for your retirement you are setting yourself up for a major disappointment later on in life. [/QUOTE]
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