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<blockquote data-quote="Fredkrueger100" data-source="post: 3340636" data-attributes="member: 24577"><p>I ain’t whining about nothing.&nbsp; Just voicing my disgust with this.&nbsp; If that makes me look silly than so be it.&nbsp; I don’t have a crap ton of money in mine like some of y’all.&nbsp; So $11K is a lot.&nbsp;&nbsp; I contribute 10% and my company matches up to 6% dollar for dollar. My wife’s matches up to 5 and she contributes 8%. She makes a lot more money than I do as well.&nbsp;&nbsp; I also have a profit sharing account and I don’t contribute to that.&nbsp; Only the company does.&nbsp; But I choose where it goes.&nbsp; The same as I do my 401k.&nbsp; How exactly does a 401k beat a pension?&nbsp; When a person retires under a pension they get a guaranteed check every month. They also get health insurance.&nbsp; With a 401k you don’t get any of that.&nbsp; Only what’s in your account.&nbsp; And if you don’t have enough you can’t retire.&nbsp; I would much rather have a pension.&nbsp; My companies pension allowed a person to retire at 55 as long as you had 35 years or more.&nbsp; If you stay longer you get more money.&nbsp; You also get health insurance and life insurance.&nbsp; If I am ever able to retire I won’t have health insurance anymore, no more company paid life insurance and AD&amp;D coverage.&nbsp; Had I been under our pension I would have all those things.&nbsp; To me a pension is worlds better than a 401k.&nbsp; Also, my company still had a 401k with the pension.&nbsp; So those that are under the old pension program get both.&nbsp; My dad has the same thing.&nbsp; He retired from Dayton Tire.</p></blockquote><p></p>

[QUOTE="Fredkrueger100, post: 3340636, member: 24577"] I ain’t whining about nothing. Just voicing my disgust with this. If that makes me look silly than so be it. I don’t have a crap ton of money in mine like some of y’all. So $11K is a lot. I contribute 10% and my company matches up to 6% dollar for dollar. My wife’s matches up to 5 and she contributes 8%. She makes a lot more money than I do as well. I also have a profit sharing account and I don’t contribute to that. Only the company does. But I choose where it goes. The same as I do my 401k. How exactly does a 401k beat a pension? When a person retires under a pension they get a guaranteed check every month. They also get health insurance. With a 401k you don’t get any of that. Only what’s in your account. And if you don’t have enough you can’t retire. I would much rather have a pension. My companies pension allowed a person to retire at 55 as long as you had 35 years or more. If you stay longer you get more money. You also get health insurance and life insurance. If I am ever able to retire I won’t have health insurance anymore, no more company paid life insurance and AD&D coverage. Had I been under our pension I would have all those things. To me a pension is worlds better than a 401k. Also, my company still had a 401k with the pension. So those that are under the old pension program get both. My dad has the same thing. He retired from Dayton Tire. [/QUOTE]

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