Pension plans are going the way of the doe doe bird.

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Train

Lifer
Jun 22, 2000
13,586
82
91
www.bing.com
Originally posted by: BBond
...
Uh, you must not have been paying attention, or maybe you weren't born yet, but the tax and spend party is the Republican Party.
sooo, tax cuts are good?
And people who work in below poverty level jobs trying to raise children are not the victims of poor lifestyle choices you ignorant arrogant twit.
ignorant arrogant twit? mmmkay.

And working a sh:tty job is not thier fault? Having a kid isnt thier fault? Whose is it?

 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: zendari
Originally posted by: outriding
Originally posted by: zendari
Originally posted by: Willoughbyva
http://news.yahoo.com/s/ap/20050724/ap_on_bi_co_ne/managing_money_pensions

With large corporations getting rid of the more favorable pension plans and using 401K programs. It seems that social security or somethng is going to have to make up the difference. Some people are going to simply be unable to work in their later years.
They have something to make up the difference. It's called the Roth IRA.

Do you have a 401k?
I'm an 18 year old intern. I don't get a company match, so no I don't. I have 4k in my Roth IRA though.


Many companies are dropping the "match" on 401k plans also. Simply an extended IRA now.


P.S. I have a Roth, my wife a Roth, I have a 401k, she has a 401k, and I have a pension plan too (well funded by the company too I might add).
 

cquark

Golden Member
Apr 4, 2004
1,741
0
0
Originally posted by: Vic
Pension plans didn't work because they weren't economically feasible or even desirable. The smart person is much better off managing his own retirement. Only the weakest links will mourn the loss of the pension plans. Only the first 2 little pigs.

If only the weak favor defined benefit pensions (as opposed to defined contribution plans like 401k), then why do CEOs always demand defined benefit pensions as part of their compensation plan?
 

cquark

Golden Member
Apr 4, 2004
1,741
0
0
Originally posted by: Train
How are you going to guarentee the companies income if you want to guarentee the payouts?

You don't have to guarantee the company to guarantee the payouts. The company could fund its pension plan in advance.
 

BBond

Diamond Member
Oct 3, 2004
8,363
0
0
Originally posted by: zendari
My life not going to plan doesn't entitle me to the wealth and efforts of others.

So like the ancient Greek city states we should just leave the weak out on a rock to die.

Nice society. You're a true Republican.
 

cquark

Golden Member
Apr 4, 2004
1,741
0
0
Originally posted by: zendari
Darwinism BBond. I thought the left believed in science.

Science can tell us what the effects of public policy are; it can't tell us what we should do.

What you're referring to is not science, but the philosophical/religious idea called Social Darwinism, which has no scientific basis in biological evolution.
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
126
Originally posted by: zendari
My life not going to plan doesn't entitle me to the wealth and efforts of others.

So, you must be like what, 18? Been around much? Been laid off? See your kids go hungry because of things you couldn't envision?

Na, you have everything worked out.

Your idea of a Darwinian society exists in South America. Extreme riches and poverty living side by side. I've seen the results of what you embrace, and it sucks.

There may come a day when you aren't so cocky about your situation. Come back in 30 years and let us know how things are working out.

Know what's sad? I would say even you should be allowed some help, although you haven't any charity in your heart.

Perhaps that's the difference between the New Republicans. All about #1 and the rest eat cake.
 

BBond

Diamond Member
Oct 3, 2004
8,363
0
0
Originally posted by: zendari
Darwinism BBond. I thought the left believed in science.

I thought we had evolved past that point. Apparently I was wrong, at least in your case.

I hope you aren't ever on the receiving end of your theories but only because I'm certain you'll change your tune.
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,685
136
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

Take a look around you, try to realize that not everybody gets a good job. 50% of workers fall into the lower 50% of incomes... which isn't necessarily based on choices, at all, but on job availability.

While a given individual may or may not get ahead within a given system, the system imposes limits on the aggregate that don't necessarily apply on the individual level, and vice-versa...

If everybody had a doctorate degree in physics, then employers would make that a basic requirement for any job, from janitor on up...

As for the rest of it, elderly people don't want to be taken care of, they want to take care of themselves... And that's why they've paid into pension plans, and SS, and saved, and invested the best they knew how. That doesn't mean that they or you will be entirely successful in that regard, particularly when their efforts are exploited, used to facilitate the greatest transfer of wealth ever undertaken- from 99.9% of the population to the top .1% via various pension/investment scams and fatcat taxcuts coupled with huge federal deficits. There's no down in trickledown, only up... the only thing threatening SS is the fiscal solvency of the govt itself- when push comes to shove, who gets screwed first- international bankers, or a bunch of grannies? Who gets pounded when the value of the currency and one's investments take a nosedive- those same grannies, or people worth hundreds of millions going in?

So, uhh, if you're not making a few million a year within the next few years, figure on getting left behind with the rest of us, unless you're a member of the lucky sperm club...
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: BBond
Originally posted by: zendari
Darwinism BBond. I thought the left believed in science.

I thought we had evolved past that point. Apparently I was wrong, at least in your case.

I hope you aren't ever on the receiving end of your theories but only because I'm certain you'll change your tune.
Not at all. My "tune" doesn't change according to circumstances, because my entitlement to the work of others doesn't change according to circumstances.

Pro choice? Haha. What a joke. Interesting world we live in. You can choose to use taxpayer money to murder your husband's child without his knowledge, but you can't choose how to save up your money for your retirement.
 
Feb 10, 2000
30,029
67
91
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.



Sadly zendari is far more connected with realty than many people here...
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
126
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.

That's why I don't rip into him too much because he hasn't seen a tenth of the crap we have. I hope he never does, although perhaps it might do him good, provided he survived.

I used to be more hard nosed, but then I learned how the world really works, and how it has a habit of eating people for lunch who believe themselves invulnerable.

Good to see you BTW :D

Obviously my temp. departure wasn't long, but I still avoid most of the silliness here :D
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
126
Originally posted by: charrison
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.



Sadly zendari is far more connected with realty than many people here...


Not really. The good thing he has done is started to save. The world is far tougher than he and apparently others know. He has not been tested.
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: Hayabusa Rider
Originally posted by: charrison
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.

Sadly zendari is far more connected with realty than many people here...

Not really. The good thing he has done is started to save. The world is far tougher than he and apparently others know. He has not been tested.

Better not tested than tested and failed like these welfare hacks who run up CC debt, can't afford their lifestyle, cry about how society has abused and neglected them, and develop a disgusting sense of self-entitlement.

If you care so much, perhaps you and BBond can foot my share towards whatever causes you desire? I only have about $8k of income this year, should be easy for you to do so.

the only thing threatening SS is the fiscal solvency of the govt itself
SS's 1.8% return is inherently threatening.
 

zendari

Banned
May 27, 2005
6,558
0
0
Originally posted by: Engineer
Originally posted by: zendari
Originally posted by: outriding
Originally posted by: zendari
Originally posted by: Willoughbyva
http://news.yahoo.com/s/ap/20050724/ap_on_bi_co_ne/managing_money_pensions

With large corporations getting rid of the more favorable pension plans and using 401K programs. It seems that social security or somethng is going to have to make up the difference. Some people are going to simply be unable to work in their later years.
They have something to make up the difference. It's called the Roth IRA.

Do you have a 401k?
I'm an 18 year old intern. I don't get a company match, so no I don't. I have 4k in my Roth IRA though.


Many companies are dropping the "match" on 401k plans also. Simply an extended IRA now.

P.S. I have a Roth, my wife a Roth, I have a 401k, she has a 401k, and I have a pension plan too (well funded by the company too I might add).
So I hear. My mom's company rolled over company match into stock.

I may not agree with your politics, but I hope I'm in a similar position later in life. Keep up the good work. :thumbsup:
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
126
Originally posted by: zendari
Originally posted by: Hayabusa Rider
Originally posted by: charrison
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.

Sadly zendari is far more connected with realty than many people here...

Not really. The good thing he has done is started to save. The world is far tougher than he and apparently others know. He has not been tested.

Better not tested than tested and failed like these welfare hacks who run up CC debt, can't afford their lifestyle, cry about how society has abused and neglected them, and develop a disgusting sense of self-entitlement.

If you care so much, perhaps you and BBond can foot my share towards whatever causes you desire? I only have about $8k of income this year, should be easy for you to do so.

BBond can speak for himself.

As for me, my point does not deal with people who choose to run up their debt, nor do I wish to provide for those who won't work when provided with a real alternative.

Sometimes people fall on hard times through no fault of their own. Perhaps they lost a job they did well because it went elsewhere. Perhaps they had a child that has health issues that go beyond the families ability to pay for. A number of every day and very real scenarios.

I am for helping those people at tax payer expense (and I pay more than most) get beyond that situation or aiding them so they don't get bounced out of their home, or their kids suffer because of it. Make no mistake you could be one of these I have mentioned. If you have children, you WOULD take assistance from Uncle Sam to keep them healthy. If you would rather let them die then swallow your pride, please don't have any.

You make it sound like social services means giving everything away to everyone. No, there is real need, and a rational means can be found to help with it.

I think that many Govt. programs need to be revamped. I don't see the need to provide fertility drugs to people on welfare. In fact I dislike that very much. To go further, if someone is on welfare, I would give them a card like the EBTs and no cash. It would only pay for certain items, like food, medicine, clothing, and there would be limits on those. No lottery tickets, cigarettes, cable TV with premium channels. That is not needed.

For someone who has a child with Cystic Fibrosis? You bet we should help when (not if) the cost of treatment exceeds the ability to care for him or her.

 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: zendari
Originally posted by: Engineer
Originally posted by: zendari
Originally posted by: outriding
Originally posted by: zendari
Originally posted by: Willoughbyva
http://news.yahoo.com/s/ap/20050724/ap_on_bi_co_ne/managing_money_pensions

With large corporations getting rid of the more favorable pension plans and using 401K programs. It seems that social security or somethng is going to have to make up the difference. Some people are going to simply be unable to work in their later years.
They have something to make up the difference. It's called the Roth IRA.

Do you have a 401k?
I'm an 18 year old intern. I don't get a company match, so no I don't. I have 4k in my Roth IRA though.


Many companies are dropping the "match" on 401k plans also. Simply an extended IRA now.

P.S. I have a Roth, my wife a Roth, I have a 401k, she has a 401k, and I have a pension plan too (well funded by the company too I might add).
So I hear. My mom's company rolled over company match into stock.

I may not agree with your politics, but I hope I'm in a similar position later in life. Keep up the good work. :thumbsup:


On the money side of politics, you might agree with me more than you realize. Remember, disliking Bush is not an automatic rubber stamp for the Democrat policies. Oh, and you're way ahead of me at 18. I didn't start saving of any sort until 26. I'll really start my saving next year at 37/38 with no mortgage or any other debt.
 

imported_tss4

Golden Member
Jun 30, 2004
1,607
0
0
Originally posted by: Hayabusa Rider
Originally posted by: zendari
Originally posted by: Hayabusa Rider
Originally posted by: charrison
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.

Sadly zendari is far more connected with realty than many people here...

Not really. The good thing he has done is started to save. The world is far tougher than he and apparently others know. He has not been tested.

Better not tested than tested and failed like these welfare hacks who run up CC debt, can't afford their lifestyle, cry about how society has abused and neglected them, and develop a disgusting sense of self-entitlement.

If you care so much, perhaps you and BBond can foot my share towards whatever causes you desire? I only have about $8k of income this year, should be easy for you to do so.

BBond can speak for himself.

As for me, my point does not deal with people who choose to run up their debt, nor do I wish to provide for those who won't work when provided with a real alternative.

Sometimes people fall on hard times through no fault of their own. Perhaps they lost a job they did well because it went elsewhere. Perhaps they had a child that has health issues that go beyond the families ability to pay for. A number of every day and very real scenarios.

I am for helping those people at tax payer expense (and I pay more than most) get beyond that situation or aiding them so they don't get bounced out of their home, or their kids suffer because of it. Make no mistake you could be one of these I have mentioned. If you have children, you WOULD take assistance from Uncle Sam to keep them healthy. If you would rather let them die then swallow your pride, please don't have any.

You make it sound like social services means giving everything away to everyone. No, there is real need, and a rational means can be found to help with it.

I think that many Govt. programs need to be revamped. I don't see the need to provide fertility drugs to people on welfare. In fact I dislike that very much. To go further, if someone is on welfare, I would give them a card like the EBTs and no cash. It would only pay for certain items, like food, medicine, clothing, and there would be limits on those. No lottery tickets, cigarettes, cable TV with premium channels. That is not needed.

For someone who has a child with Cystic Fibrosis? You bet we should help when (not if) the cost of treatment exceeds the ability to care for him or her.

Well said. That is what some of our Republican counter parts misunderstand. They think helping people means helping every low life that was too lazy to provide for themselves. It doesn't. It means helping the truly needy. Sure, the system fails at times and gets taken advantage of . I don't think anyone here would argue against reform in social programs, but we will argue that they need to exist for those of us that have been less fortunate.

And I'm not sure why you continue to bring up abortion, Zendari. One's position on abortion should have no bearing on thier desire to help those in need. I would assume, that both Pro-choice and Pro-life groups see the merit in providing a safety for those that due to circumstances beyond their control have fallen on hard times.
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Originally posted by: Hayabusa Rider
Originally posted by: zendari
Originally posted by: Hayabusa Rider
Originally posted by: charrison
Originally posted by: DonVito
Originally posted by: Jhhnn
I love the usual romanticized allusions about jobs coming form zendari. Problem is, your notions aren't connected to reality.

That's an occupational hazard (no pun intended!) of being a teenager. He/she will learn in time.

Sadly zendari is far more connected with realty than many people here...

Not really. The good thing he has done is started to save. The world is far tougher than he and apparently others know. He has not been tested.

Better not tested than tested and failed like these welfare hacks who run up CC debt, can't afford their lifestyle, cry about how society has abused and neglected them, and develop a disgusting sense of self-entitlement.

If you care so much, perhaps you and BBond can foot my share towards whatever causes you desire? I only have about $8k of income this year, should be easy for you to do so.

BBond can speak for himself.

As for me, my point does not deal with people who choose to run up their debt, nor do I wish to provide for those who won't work when provided with a real alternative.

Sometimes people fall on hard times through no fault of their own. Perhaps they lost a job they did well because it went elsewhere. Perhaps they had a child that has health issues that go beyond the families ability to pay for. A number of every day and very real scenarios.

I am for helping those people at tax payer expense (and I pay more than most) get beyond that situation or aiding them so they don't get bounced out of their home, or their kids suffer because of it. Make no mistake you could be one of these I have mentioned. If you have children, you WOULD take assistance from Uncle Sam to keep them healthy. If you would rather let them die then swallow your pride, please don't have any.

You make it sound like social services means giving everything away to everyone. No, there is real need, and a rational means can be found to help with it.

I think that many Govt. programs need to be revamped. I don't see the need to provide fertility drugs to people on welfare. In fact I dislike that very much. To go further, if someone is on welfare, I would give them a card like the EBTs and no cash. It would only pay for certain items, like food, medicine, clothing, and there would be limits on those. No lottery tickets, cigarettes, cable TV with premium channels. That is not needed.

For someone who has a child with Cystic Fibrosis? You bet we should help when (not if) the cost of treatment exceeds the ability to care for him or her.


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:beer: to the poster!