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Why are you going all up and down this thread trying to pedantically show that people are using the term "pension" slightly differently to Wikipedia's definitio
by jgwil2 7y ago
Why are you going all up and down this thread trying to pedantically show that people are using the term "pension" slightly differently to Wikipedia's definition? It's not contributing anything to the discussion.
- chrisseaton 7y agoWell I just don’t get it. People say ‘nobody gets a pension anymore’ but a 401(k) is just a different type of pension. My defines benefit savings plans literally say ‘pension’ in the product names.
- ryan93 7y agoThe state pensions have no risk. They get a guaranteed payout regardless of stock market performance. The difference comes out of taxpayer pockets. With a 401k if the stock market crashes you are out of lock. The taxpayers won’t chip in the difference