Posted by davpal on April 18, 2014 at 22:48:06 from (72.251.53.202):
In Reply to: Re: Union Workers posted by W_B on April 18, 2014 at 07:56:57:
Actually dumb@ss I've been dumping 10% of my gross income into a 401K for 31 years along with a company match into mutual funds and probably have more in there than your whole family does but that still doesn't equal a defined pension plan and it never will. I would trade my hefty 401k for a pension and health insurance today if it were offered. I get my information from yahoo finance and according to them about 50% of the working population have less than $1000 in a 401k and 66% of them have less than $25,000. Start pulling about $75,000 a year out of your 401K for your health insurance and living expenses and see how many years you go out and buy motorhomes and take vacations. I notice your counting on your wife for retirement money also. Nice. I'm sure if I want to haul around parts in a factory until I'm 65 and croak 3 years later everything will work out ok. Or I could have just went to GM and worked for a union and RETIRED with a pension and health insurance at 48 years old because of a UNION that fought for those benefits.
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