Happy New Year

[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.

 

[Lazarus]

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]

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]

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]

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.