Happy New Year

Bulldog · 12-30-2005, 12:42 PM

A Happy, Healthy & Prosperous New Year to All.

I've been watching the board for a few months now and have learned a lot. Thanks.

I'm hoping to be FI in a couple of years (maybe there now) and will probably hang up the sliderule when the time feels right.

I enjoy my career, especially the travel, but am starting to get ground down by corporate politics and waste.

One big issue I see on the horizon (or it may be here already) is the future for corporate pensions. I would be relying heavily on mine. What is the concensus on how reliable a corporate pension will be over the next 35 years -- those under 40 most probably won't have one. I'm in my mid 50's and am getting worried.

Lazarus · 12-30-2005, 02:21 PM

Quote:

Originally Posted by Bulldog

A Happy, Healthy & Prosperous New Year to All.

I've been watching the board for a few months now and have learned a lot. Thanks.

I'm hoping to be FI in a couple of years (maybe there now) and will probably hang up the sliderule when the time feels right.

I enjoy my career, especially the travel, but am starting to get ground down by corporate politics and waste.

One big issue I see on the horizon (or it may be here already) is the future for corporate pensions. I would be relying heavily on mine. What is the concensus on how reliable a corporate pension will be over the next 35 years -- those under 40 most probably won't have one. I'm in my mid 50's and am getting worried.

Can you take your pension in cash? If so you can control it.

uncledrz · 12-30-2005, 02:35 PM

Hey B Dog, woof woof, a happy and healthy new year back to you.

Each year is a new year, every new year is a good year (yeah even those when we've got trials, tribulations and brick walls in front of us).

All the best to all

Uncledrz

brewer12345 · 12-30-2005, 02:36 PM

Depends. *Is the pension significantly underfunded? *If your employer is publicly-held, you can tell from the pension footnote in the SEC form 10-K. *If it is underfunded, is your employer on shaky ground financially? *If so, you might have some cause for worry. *All corporate pensions are not created equal.

Bulldog · 12-30-2005, 02:54 PM

I'm not too concerned about the immediate pension issues since the company is currently stable and pension only slightly underfunded. Question is what happens in 10, 20 years? Unfortunately I cannot take it out as a lump sum -- wish I could.

I guess it is just one of those unknowable issues that has to be factored in like future market performance, etc.

12-30-2005, 12:42 PM	#1
Bulldog Confused about dryer sheets Join Date: Dec 2005 Posts: 3	Happy New Year A Happy, Healthy & Prosperous New Year to All. I've been watching the board for a few months now and have learned a lot. Thanks. I'm hoping to be FI in a couple of years (maybe there now) and will probably hang up the sliderule when the time feels right. I enjoy my career, especially the travel, but am starting to get ground down by corporate politics and waste. One big issue I see on the horizon (or it may be here already) is the future for corporate pensions. I would be relying heavily on mine. What is the concensus on how reliable a corporate pension will be over the next 35 years -- those under 40 most probably won't have one. I'm in my mid 50's and am getting worried.

12-30-2005, 02:35 PM	#3
uncledrz Full time employment: Posting here. Join Date: Mar 2005 Posts: 548	Re: Happy New Year Hey B Dog, woof woof, a happy and healthy new year back to you. Each year is a new year, every new year is a good year (yeah even those when we've got trials, tribulations and brick walls in front of us). All the best to all Uncledrz

12-30-2005, 02:36 PM	#4
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2003 Posts: 9,223	Re: Happy New Year Depends. Is the pension significantly underfunded? If your employer is publicly-held, you can tell from the pension footnote in the SEC form 10-K. If it is underfunded, is your employer on shaky ground financially? If so, you might have some cause for worry. All corporate pensions are not created equal. __________________ “When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid*

12-30-2005, 02:54 PM	#5
Bulldog Confused about dryer sheets Join Date: Dec 2005 Posts: 3	Re: Happy New Year I'm not too concerned about the immediate pension issues since the company is currently stable and pension only slightly underfunded. Question is what happens in 10, 20 years? Unfortunately I cannot take it out as a lump sum -- wish I could. I guess it is just one of those unknowable issues that has to be factored in like future market performance, etc.

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