That company pension plan was paid for by the employee at the end of the day. It is not different from a deferred annuity. It was a forced savings program unlike social security that relies on current Fica contributions from current workers to fund current recipients. The take away is there is no free lunch. One needs to save to fund retirement independently from your company or business.
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That company pension plan was paid for by the employee at the end of the day. It is not different from a deferred annuity. It was a forced savings program unlike social security that relies on current Fica contributions from current workers to fund current recipients. The take away is there is no free lunch. One needs to save to fund retirement independently from your company or business.
Post: Got to Help Yourself
Link to comment from August 22, 2021