How many people have 401K's or a comp...

How many people have 401K's or a company pension plan?

Created by Old Man River 3 on Jan 2, 2010

241 votes

Click on an option to vote

401K

Company pension

Since: May 09

Zanesville, OH

#1 Jan 2, 2010
Just wondering. Thanks in advance.
Wite_Out

Marysville, OH

#2 Jan 2, 2010
Pension plans are really a thing of the past. Pension plans are defined benefit plans where 401K plans are defined contribution plans. Pension plans began to lose popularity with employers when 48 year olds began retiring with thirty years of employment and then got a specific percentage of there pay, usually the highest three years or so for the rest of their lives. This is an example of what has gotton our big three auto makers in so much trouble as well as other former blue chip companies.
Both

Clemmons, NC

#3 Jan 2, 2010
My company actually has both. A pension that pays based upon years of service and the highest three of the last five years salary. There is also a 401-K with a company match. Not many like that around anymore.

Since: May 09

Zanesville, OH

#4 Jan 2, 2010
I have a 401K and a pension plan also. With SS, I should be OK when I retire. Just living on SS would be rough.

Since: Sep 08

Asheville, NC

#5 Jan 2, 2010
we have 401k, pension, roth IRA. Probably still not enough to retire on though. I will probably be doing hair til i'm 80!
Fahrenheit 2010

Cookeville, TN

#6 Jan 2, 2010
Old Man River 3 wrote:
I have a 401K and a pension plan also. With SS, I should be OK when I retire. Just living on SS would be rough.
But isn't SS one of the socialist programs started by your side of the aisle? Pretty bad when you don't give much merit to a program that is the brainchild of one of your own.

Since: May 09

Zanesville, OH

#7 Jan 3, 2010
Nothing wrong with SS. I will take the time to explain retirement to you, not that you will be able to retain it before you are drawn into another one of your childish rants.
Let's say you work 35 or 40 years some place that has a company pension AND a 401K. If you retire at 65 years of age you should be able to pull about 2000ish a month from SS. My pension will pay me another 2400 a month and my 401K should pay me another 1408 a month. So I should be pulling in over 5 grand a month when I retire. That is better than just pulling in the 2 grand of SS. Now how you got to babbling about SS being a socialist program is beyond me. If you can deal with your anger issues and not wind up in jail or dead, maybe you will be able to retire some day. However, I think that senario would be highly unlikely.

Since: Jan 10

Main St U.S.A

#8 Jan 3, 2010
Old Man River 3 wrote:
Nothing wrong with SS. I will take the time to explain retirement to you, not that you will be able to retain it before you are drawn into another one of your childish rants.
Let's say you work 35 or 40 years some place that has a company pension AND a 401K. If you retire at 65 years of age you should be able to pull about 2000ish a month from SS. My pension will pay me another 2400 a month and my 401K should pay me another 1408 a month. So I should be pulling in over 5 grand a month when I retire. That is better than just pulling in the 2 grand of SS. Now how you got to babbling about SS being a socialist program is beyond me. If you can deal with your anger issues and not wind up in jail or dead, maybe you will be able to retire some day. However, I think that senario would be highly unlikely.
You assume way too much old man. I know full well about SS, 401k's and pension's. But you like to make assumptions (just like your cohorts) about someones knowledge about anything. Maybe if you came down off of the high horse you might actually see others opinions a little differently

Since: May 09

Zanesville, OH

#9 Jan 3, 2010
I assume you are 12.

Since: Jan 10

Main St U.S.A

#10 Jan 3, 2010
Old Man River 3 wrote:
I assume you are 12.
I could assume a lot about you as well. But it would be a waste of time to state the obvious. Anyone with any common sense can see the obvious when it comes to you so it wouldn't be an assumption.
Olivier

Landisburg, PA

#11 Jan 3, 2010
Old Man River 3 wrote:
I assume you are 12.
You're being very generous aren't you?

Since: May 09

Zanesville, OH

#12 Jan 3, 2010
Yep.
canofcorn

Lancaster, OH

#13 Jan 5, 2010
Doesn't the fact that you have a pension and 401k signigicantly reduce your SS payment? Just asking. I have 1 pension, and working on another. 401k that has no company match tho.
Ohio Native

Columbus, OH

#14 Jan 5, 2010
Old Man River 3 wrote:
Just living on SS would be rough.

It sounded to me like you meant exactly what you said "it would be rough", man that poster really must have it out for you. I agree with you and it doesn't necessarily mean I am against SS- it means its not enough money live on without another form of income.
Snappy

Mansfield, OH

#15 Apr 12, 2010
Government Plans to Loot Your Retirement Account

http://www.capitalismmagazine.com/politics/so...
Snappy

Mansfield, OH

#16 May 4, 2010
Republicans Sound Alarm on Administration Plan to Seize 401(k)s

http://www.humanevents.com/article.php...

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Bellefontaine Discussions

Title Updated Last By Comments
Trump is yours.......Deal with it! 4 hr Mein Trumpf 1,213
A RARE JUDGE in a CORRUPT JUDICIAL SYSTEM (Jun '16) 23 hr Clearly stated 10
Life Lesson's! (Nov '16) Tue CALM STILL VOICE 390
News Bellefontaine's five-year forecast forcing diff... Mon Levy Time 1
America Is NOT A ‘Christian Nation May 22 Mein Trumpf 105
Best Bellefontaine Football players ever? Offen... (Aug '11) May 19 Bellefontaine sucks 40
Local Politics Do you approve of Jim Jordan as Representative? (Dec '11) May 19 LEAVE BELLEFONTAINE 129

Bellefontaine Jobs

More from around the web

Personal Finance

Bellefontaine Mortgages