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Pension takeaway
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<blockquote data-quote="MrFedEx" data-source="post: 1139949" data-attributes="member: 12508"><p>I'm heavily invested in the 401k because that's the only decent benefit that FedEx still offers, even though it is only "excellent" because it's Vanguard, not because FedEx is generous. Spare me the Business 101. I would much rather have a larger pension, better pay, and quality insurance so I could invest more heavily on my own, and put less into the 401k. If our wages had shadowed those of UPS, I, and everyone else, would have been in a much better position to take advantage of investment opportunities elsewhere, like real estate or investing in a particular prime stock, like Apple. Instead, I didn't have the extra income to invest....Fred did. For a couple of years (thanks, Dubya), I was losing 4 figures a month in that same 401k. Only recently has it climbed past where it was way back in 2008.</p><p></p><p>I don't approve of current corporate behavior and ethics, and participating in a 401k is hardly giving "tacit approval to their actions". I abhor what corporate America is doing to the middle class, but I'll be damned if I'm going to retire to a single-wide in some crap town. You have been talking about having to retire in a foreign country for several years now. Wouldn't you like the option to retire in the USA, assuming you might actually prefer it over somewhere else?</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1139949, member: 12508"] I'm heavily invested in the 401k because that's the only decent benefit that FedEx still offers, even though it is only "excellent" because it's Vanguard, not because FedEx is generous. Spare me the Business 101. I would much rather have a larger pension, better pay, and quality insurance so I could invest more heavily on my own, and put less into the 401k. If our wages had shadowed those of UPS, I, and everyone else, would have been in a much better position to take advantage of investment opportunities elsewhere, like real estate or investing in a particular prime stock, like Apple. Instead, I didn't have the extra income to invest....Fred did. For a couple of years (thanks, Dubya), I was losing 4 figures a month in that same 401k. Only recently has it climbed past where it was way back in 2008. I don't approve of current corporate behavior and ethics, and participating in a 401k is hardly giving "tacit approval to their actions". I abhor what corporate America is doing to the middle class, but I'll be damned if I'm going to retire to a single-wide in some crap town. You have been talking about having to retire in a foreign country for several years now. Wouldn't you like the option to retire in the USA, assuming you might actually prefer it over somewhere else? [/QUOTE]
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