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Post by Savoir Faire-Demogague in NJ on May 9, 2011 8:07:53 GMT -5
Conceptually, I prefer the concept of a 401k plan because of its portability. Few people nowadays work with one company for life. However, companies in my opinion have used 401ks to shift the majority of the cost onto the employees. Many 401k don't have any match and even with a reasonable match, the capped limits usually mean the company puts very little into your retirement on a yearly basis.
Most of what you note above is in fact true, but it is also govt and IRS rules that govern all of this. The same with plans being top heavy.
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runewell
Established Member
Joined: Jan 3, 2011 15:37:33 GMT -5
Posts: 395
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Post by runewell on May 9, 2011 8:47:17 GMT -5
When it comes down to choosing between funding a pension and keeping the state running, which do you think they are going to choose?
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