3 ms·
The way I see it, there are three pension scenarios: 1. You are promised a pension and the company delivers. 2. You are promised a pension and the company doe
by mfoy_ 9y ago
The way I see it, there are three pension scenarios:
1. You are promised a pension and the company delivers.
2. You are promised a pension and the company does some creative accounting to screw you.
3. You are not promised a pension and plan for your own retirement accordingly.
4. You are not promised a pension and fail to plan for your retirement.
I don't believe #1 is reliable enough. Unless (and maybe even if) you are working for a government, your pension isn't rock solid. If you (more likely) run into #2 you end up betrayed, and have to scramble to make things work in your retirement.
I am 100% in camp #3. Plan for your own retirement-- No expectations; no disappointment.
Option #4? Well... there are consequences to your actions.
- phil21 9y agoI generally 100% agree with you. The problem with your stance (and mine) on #4 is that there aren't consequences to their actions. Those consequences will inevitably be put on group #3 since they will be vilified as a group and it will be very easy to politically take their money to give to group #4. I've not really figured out away around that problem. The numbers are simply too great too ignore - unless you truly feel something like 60% of retirees who have saved literally nothing other than their (meager) social security benefits will simply quietly die in the street. Unfortunately this fact is one of the larger reasons why I feel this social division in the country is just starting, not coming to a head as most I talk to seem to think.