Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: The pension system destruction continues
Old 01-13-2006, 08:58 PM   #181
Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: The pension system destruction continues

Originally Posted by newguy88
It really is all about the bottom line.

With long term rates the way they are now big corp can take a windfall on paper by getting rid of a later commitment.

Dump the pension freeze the pension call it what you want it is a means to prop up the stockholders shares in a company.

I really wonder when this comes back to bite these companies in the arse.

I mean if I was a young guy I would have VERY LITTLE ALLEGENCE TO MY COMPANY!

I would be the whore and find the best paying place year after year!

I am good at what I do.
Professional sports has already undergone a similar transition. Years ago, organizations used to keep their stars around forever. If you were a fan of some pro team, chances are most of the same players stayed on the team for most of their careers. Now teams trade players so often that the only constant a fan is rooting for is the uniform.

The result certainly hasn't been reduced costs for team owners. The best players have probably benefited significantly -- till they get injured and slow down.

But I wonder how many large electronics companies would be able to recognize a good engineer when they see them. I'm not sure it will work the same way for other professions.

sgeeeee 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!

Re: The pension system destruction continues
Old 01-14-2006, 06:44 AM   #182
Recycles dryer sheets
Join Date: Oct 2005
Posts: 150
Re: The pension system destruction continues

Bbuzzard Regarding "Off topic, but I have to call you on this. Are you suggesting that women are not capable of making reasonable investment decisions Becuase that is what it sounds like. Alternatively, you may be suggesting that most off the people on the board are male, and their spouses may not be as interested in/knowledgable about investing as they are. For all I know, this may be true.Maybe your comment is reasonable after all. "

I am just looking at the averages..I am not saying that women can't manage finances, but I am saying you have to look at the typical situation. Many women can successfully manage a retirement income. But the majority of these situations are when the men manage the finances..this may change as the boomers retire, but I don't know..I can tell you that my father died two years ago and my father-in-law this past spring..both surviving spouses are bright, educated women, but have very little financial knowledge..Not only do they have to deal with grief, but now have to wonder if they have enough money to live on the rest of their lives.

All I am saying is that you have to look down the road..Most currently married women can expect to be widows in the future...DB pensions protected them..When the nest egg is gone (in a 401k world), who will be around to suffer

New Thinking is offline   Reply With Quote
Re: The pension system destruction continues
Old 01-14-2006, 07:07 AM   #183
Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 2,119
Re: The pension system destruction continues


Heck many average americans cannot figure out APR on their credit card balances.

The move away from pensions will make working longer and dying earlier the norm later this century here in america.

In fact I am glad my pension will allow me at 50 to hang it up after almost 30 years teaching for cr@p wages in an american inner city that quite frankly is as dangerous as some places in IRAQ!

But the new college grads better be ready to invest and hope the real $hit does not hit the fan in the next 25 years, MEANING CHINA!!

Just wait till the Chinese take Taiwan militarily and america watches from the sidelines.

China will be the engine that runs the world, we will become like the old British Empire.

Second rate.
newguy88 is offline   Reply With Quote
Re: The pension system destruction continues
Old 01-14-2006, 08:58 AM   #184
Moderator Emeritus
Nords's Avatar
Join Date: Dec 2002
Location: Oahu
Posts: 26,564
Re: The pension system destruction continues

Originally Posted by newguy88
Just wait till the Chinese take Taiwan militarily and america watches from the sidelines.
That's not the plan.

China & Taiwan are expected to work out their own problems peacefully, but if the amphibious craft start piling up on the beach then we're gonna get one heckuva chance to implement the CONPLAN that PACOM's been working so hard on for the last few years.

PACOM and his Ops flag officer were briefing SECDEF & their Beijing counterparts during the command post exercise. (Developing those briefs were a separate post on why work sucks.) PACOM wants the PRC to understand exactly what's going to happen if military force is used...


The book written on, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords 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
Military pension and pay - how much is it past 20 Average Joe FIRE and Money 13 03-18-2007 10:22 AM
Traditional Pension being frozen by megacorp murg FIRE and Money 16 03-15-2007 10:41 AM
Pension Time Bomb Article Mountain_Mike FIRE and Money 11 01-17-2006 06:49 AM
The Fat Pension newellcr Young Dreamers 34 07-26-2005 08:23 AM


All times are GMT -6. The time now is 12:02 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.