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I would ask the inverse: anyone around here have a pension account? When I joined my current company I was given an option to join the pension (maybe the last
by rpwilcox 10y ago
I would ask the inverse: anyone around here have a pension account?
When I joined my current company I was given an option to join the pension (maybe the last year it was offered to new people??). I didn't take it for a couple reasons:
1. figured I probably wouldn't be here for 30 years (!!!!)
2. Stories of rampant pension mismanagement scare me off. (Reasonably sure it wouldn't happen with my employer, but...)
- awinder 10y agoJust to clarify on #2, it doesn't even have to really be in your employer's control. One of the biggest sales targets of mortgage-backed securities prior to 2008 were pension plans, they were AAA-rated securities.