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It also ignores that you can take out a portion of your pension tax free, and that your marginal tax rate is likely to be lower in retirement. It also ignores
by jstx1 4y ago
It also ignores that you can take out a portion of your pension tax free, and that your marginal tax rate is likely to be lower in retirement.
It also ignores the amount of flexibility and options that you have in terms of picking your provider and your investments.
A bunch of things in the article are outright wrong, others are misleading - it's a bad look for the author to criticise things they understand so poorly.
- SpaghettiX 4y agoHi, thanks for reading it. I'm the author. I'm sure others might understand the pension world more than me - I wanted to share my perspective. I was offered a pension match in th past, some were good (e.g. up to 7% match). I didn't include the "positives" of having a pensions, because that's common knowledge about pensions. I might improve this article based on your concerns. Yes, is free "pension-money", but until you take it out, it means nothing. Some of the disadvantages in my article are more certain to actually happen. All of the disadvantages I noted need to be resolved before you get your extra 7%-matched pension money. Is the risk worth it? For me: no, pensions are not worth the risk.