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I A M penison out of money
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<blockquote data-quote="Redtag" data-source="post: 4056110" data-attributes="member: 70933"><p>You would need north of a million to get through 20 years of retirement at that rate. Oh, and your one recession away from disaster.</p><p></p><p>Companies love matching 401k plans because all the risk is on the employee and they know a percentage of employees won't be able to afford to put 5 percent or whatever the company offers to match. </p><p></p><p></p><p></p><p>Loosing our pensions to a 401k would be a total setback in compensation for us.</p></blockquote><p></p>
[QUOTE="Redtag, post: 4056110, member: 70933"] You would need north of a million to get through 20 years of retirement at that rate. Oh, and your one recession away from disaster. Companies love matching 401k plans because all the risk is on the employee and they know a percentage of employees won't be able to afford to put 5 percent or whatever the company offers to match. Loosing our pensions to a 401k would be a total setback in compensation for us. [/QUOTE]
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