Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 06-17-2010, 08:33 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 13,124
Originally Posted by ziggy29 View Post
...tanking personal investments among private sector employees making it harder and harder for them to retire, let alone early.
I resemble that remark...

Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-17-2010, 10:43 AM   #22
Full time employment: Posting here.
ronocnikral's Avatar
Join Date: Apr 2010
Posts: 853
Originally Posted by walkinwood View Post
What's to stop them from changing terms down the road?
this why 99% of the people i w*rk with who retire take the lump sum from our DB plan.

i never realized how good my benefits at w*rk are. We still have a defined benefit plan which has some health component to it and a defined contribution plan which they match 4% to 1%, up to 8% (100% vesting outright). i'm now vested in the DB plan, but plan on seeing none of it in retirement (same with SS). i will consider anything outside my retirement account lagniappe (french icing, if you will).

ronocnikral is offline   Reply With Quote
Old 06-17-2010, 04:09 PM   #23
Full time employment: Posting here.
Join Date: Mar 2008
Posts: 737
Originally Posted by walkinwood View Post
I keep wondering about the viability of pensions - government & private alike. What's to stop them from changing terms down the road? Given the underfunding of the pension system, something has to give. I don't think SS is the only program in danger.

I don't have a pension and in spite of the uncertainty, I wish I did.
With many state pensions the terms can't change. Some of it is written into state constitutions, making it nearly impossible to change. What some states have done is to create a tiered system with new hires falling under a defined contribution plan and less medical benefits.
akck is online now   Reply With Quote
Old 06-19-2010, 11:38 AM   #24
Thinks s/he gets paid by the post
walkinwood's Avatar
Join Date: Jul 2006
Location: Denver
Posts: 2,767
Payback Time - In Budget Crisis, States Take Aim at Pension Costs -

This article talks about CO reducing benefits for existing retirees. Also says that there will be court challenges.

walkinwood is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Equifax security freeze pains tpcooper Other topics 8 10-13-2008 05:21 PM
The Real Cause of the Credit Freeze? audreyh1 FIRE and Money 20 10-10-2008 06:44 PM
Do you want to pay for the Sub-Prime freeze? jimhcom FIRE and Money 353 01-02-2008 08:03 PM
Removing anti freeze stains from a driveway Tiger Other topics 1 06-15-2007 06:26 PM


All times are GMT -6. The time now is 12:49 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.