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California is a sorry excuse for a state
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<blockquote data-quote="Oldfart" data-source="post: 3257895" data-attributes="member: 64407"><p>Lots of those decisions are governed my IRS rules. The OP said the need for a pension was because so many people are bad money managers. Just think if every employee ONLY had a 401k and no pension, where they can make hardship withdrawals and borrow against it and not even be in the the 401k. It could be a disaster for the idiots of the world.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 3257895, member: 64407"] Lots of those decisions are governed my IRS rules. The OP said the need for a pension was because so many people are bad money managers. Just think if every employee ONLY had a 401k and no pension, where they can make hardship withdrawals and borrow against it and not even be in the the 401k. It could be a disaster for the idiots of the world. [/QUOTE]
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