mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We all know that DB plans are surely a vanishing part of the retirement scene. However, many employees and retirees are still part of a DB plan, either as a current beneficiary or a future beneficiary.
Fewer and fewer employees these days have a vested interest in a DB plan, however those who do have such a vested interest in a DB plan have a valuable asset indeed!
Forgetting about SS for the moment, what percent (%) of your retirement expenses (or projected expenses) are covered by a DB plan (or, for non-retirees, how much will be covered by a DB plan) in which you have a vested interest ?
401(k) plans were initially structured to be retirement suppliments to pension plans (DB plans), but their nature has changed drastically over the last 10 years. They now are the main retirement vehicle, often the only retirement vehicle, of many/most workers.
What percent will your 401(k) or 403b retirement investment plan play in your total retirement income?
Fewer and fewer employees these days have a vested interest in a DB plan, however those who do have such a vested interest in a DB plan have a valuable asset indeed!
Forgetting about SS for the moment, what percent (%) of your retirement expenses (or projected expenses) are covered by a DB plan (or, for non-retirees, how much will be covered by a DB plan) in which you have a vested interest ?
401(k) plans were initially structured to be retirement suppliments to pension plans (DB plans), but their nature has changed drastically over the last 10 years. They now are the main retirement vehicle, often the only retirement vehicle, of many/most workers.
What percent will your 401(k) or 403b retirement investment plan play in your total retirement income?