Wednesday, November 12, 2003

Failed Pensions: A Painful Lesson in Assumptions

A good NYT article about pensions


I do not know how many people these days actually expect to get a pension that is separate from their Social Security or 401K and IRA contributions, but apparently a lot of the people are. Strangely, the cynical companies of today dole out smaller benefits, but because they are tied to the much more transparent 401Ks and IRA accounts, you have a much better idea of what to expect.

Read the whole article here - Failed Pensions: A Painful Lesson in Assumptions

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