Why private pensions are such a terrible, terrible thing

[Krill]

Are they? I wouldn't know. I'm too poor to have one.

[Ben Kenobi]

If you're european that won't matter soon.

[Sava]

Pensions were generally pretty good. I say "were" because they aren't offered as much anymore. It's all 401k crap now.

[Hauldren Collider]

If you have a 401k and want a pension you can buy an annuity.

[PLATO]

Pensions were generally pretty good. I say "were" because they aren't offered as much anymore. It's all 401k crap now.

I often wonder if this is the result of the greatly increased mobility of workers. Very rarely do you see anyone spend a career with one company anymore.

[Sava]

If you have a 401k and want a pension you can buy an annuity.

thanks captain

[Dauphin]

I often wonder if this is the result of the greatly increased mobility of workers. Very rarely do you see anyone spend a career with one company anymore.

Or the fact that final salary schemes are considered too expensive.

[Imran Siddiqui]

I often wonder if this is the result of the greatly increased mobility of workers. Very rarely do you see anyone spend a career with one company anymore.

Well, it's also because pensions are pretty damned expensive.

[Dauphin]

Such a good point that it was made twice.

[regexcellent]

From what I understand there's also a ton of regulatory issues with pensions that 401ks don't suffer from.

[Imran Siddiqui]

401(k)s have their own regulatory issues. However, usually companies can set things up so they flow automatically (ie, directly from payroll to TPA), which makes it easier.

[Felch]

Pensions were an awesome idea, but then the old ****s refused to die in a timely fashion. Maybe HFCS will bring pensions back.