It seems to me that the employer will fund it either way. Maybe I’m misremembering stories of pensions being mismanaged and lost. I think the most important thing is that the employer actually does something to fund a retirement, in my way of thinking the 401k approach puts me in control of the money so I don’t rely on someone else to not fail.

Whether it’s promised bonuses, stocks, or retirement funds, my motto is always “show me the money”, and I’ll believe it when it’s in my hands.

  • Boozilla
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    152 months ago

    In an ideal situation you want both assets and income in your retirement. 401k is one type of asset. Pension is one type of income. It’s certainly possible to plan for retirement with just assets or just income, but having both is better.