Finance
Is Your Intention to Retire with a Pension; What Pension?
If it is your intention to retire with a pension then perhaps you might wish to give some attention to the current reality of pension retention. What I am saying is that many people think that they are going to retire with a pension, but that pension may not be there when they do and it certainly may not be the kind of money they thought. In fact most large corporate pension funds are under funded and a huge cause for alarm for those retirees who believed they would always be there for them.
Is your Intention to Retire with a Pension; what pension? If we look at some of the deals being offered by large corporations with under funded pensions we can see the problems. If we look at companies in bankruptcy or close too it we can also see issues. Look at Delta Airlines for instance? One certainly could not expect a pension from that company if they are a long-term employee ready to retire.
But Delta Airliners is not the only corporation in dire straights with pension issues, so many of America?s greatest corporations are the same. One has to wonder if the US Government will indeed also fall short of its goals as well? Needless to say that if you are counting on retiring with your pension perhaps you should be forewarned that it might not be there when you retire, so you might want to be thinking ahead starting now.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/ |
Lance Winslow
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