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Income Inequality
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<blockquote data-quote="brett636" data-source="post: 1262622" data-attributes="member: 249"><p>Fedex isn't the only company not going with defined benefit retirement plans. The bottom line is they are simply too expensive for most companies to maintain. I may have a pension that I am earning credit towards, but I value my 401k so much more. Simply because my pension is only good so long as I have a pulse. My 401k is mine forever and will therefore go to my heirs who should benefit from my good money management skills. Those who don't take advantage of the 401k plans they have available to them have only themselves to blame.</p></blockquote><p></p>
[QUOTE="brett636, post: 1262622, member: 249"] Fedex isn't the only company not going with defined benefit retirement plans. The bottom line is they are simply too expensive for most companies to maintain. I may have a pension that I am earning credit towards, but I value my 401k so much more. Simply because my pension is only good so long as I have a pulse. My 401k is mine forever and will therefore go to my heirs who should benefit from my good money management skills. Those who don't take advantage of the 401k plans they have available to them have only themselves to blame. [/QUOTE]
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