Quote:
Originally Posted by tophcfa
Don’t make the mistake of assuming defined benefit plans, which were questionably funded before the market crash and are typically invested very heavily in risky assets classes, will come out of this solvent. And also don’t assume the Pension Benefit Gurantee Corporation will have the capital to bail out multiple insolvent plans.
|
That is why I took the cash equivalent in 2005 when I retired. But it takes discipline to manage that money. And of course once again I was the idiot per my peers ! Ha Ha. My sleep has never been better.