Anyone Got Anything On The Pushed Rumors Concerning Management Pension Freezes And Mip Elimination For Management By Years End. Rumors Say The Pensions Will Be Frozen,converted To A Cash Plan And That Mip Is Gone By Sept 07..
If I were a management person like any hourly employee, first and foremost, you should be maxing that 401k every chance you get. Also non-work related investment vehicles IMO are a must whether for short term or long term. Think of any company pension or even social security as icing on the cake rather than a principle means of a retirement vehicle.
Agreed. I have a Roth IRA and max it out every year. I'm only in my 20's so that $4k will invest itself very well. (And I can invest in stuff that the 401k doesn't offer.)