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BeyondGeography

(40,106 posts)

40. When I entered the workforce in the 80s 401ks were becoming a thing

Sun Feb 23, 2020, 03:56 PM

Feb 2020

Some rudimentary calculations quickly revealed which side of the employee/employer relationship was making out on the deal. About the same time the price of the house I grew up in was 10x higher than when my father bought it 20 years earlier. Right then I knew that absent a winning lottery ticket my generation was up against it compared with his. This is the stuff Warren knows inside out of course.

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Do you have a pension? [View all] underpants Feb 2020 OP

You may need to be more specific. dawg Feb 2020 #1

I changed it. underpants Feb 2020 #2

I have an IRA that is with a management group acting as a fiducuary MichMan Feb 2020 #3

I do, but it's a shadow of its former self Cirque du So-What Feb 2020 #4

I have one that will not generate enough money per month to feed a cat... Fresh_Start Feb 2020 #5

State employee for 35 years mokawanis Feb 2020 #6

Yes, but..... Happy Hoosier Feb 2020 #7

NYSTRS 49jim Feb 2020 #8

My mom who is 90 Raftergirl Feb 2020 #21

Yes. I am under the old CSRS pension Polly Hennessey Feb 2020 #9

I've been covering all my bases Generic Brad Feb 2020 #10

I do, unless GA Gov. Kemp and his cronies have gutted the Teacher's Retirement System. GoCubsGo Feb 2020 #11

I am surprised at the % of DU'ers with defined benefit plans. essme Feb 2020 #12

Yes... though the question is still less precise than probably intended FBaggins Feb 2020 #52

Don't forget military. nt sorcrow Feb 2020 #53

That is super funny Bettie Feb 2020 #13

Most people will not be physically and/or mentally able to JenniferJuniper Feb 2020 #16

Roger that BeyondGeography Feb 2020 #30

Older people and Bettie Feb 2020 #33

Mine is a big one for state workers Bradshaw3 Feb 2020 #38

When I entered the workforce in the 80s 401ks were becoming a thing BeyondGeography Feb 2020 #40

Yes funny about that Bradshaw3 Feb 2020 #41

Retired military in my case hack89 Feb 2020 #57

That's great BeyondGeography Feb 2020 #58

I fully understand how fortunate I am hack89 Feb 2020 #59

Yes, thank you safeinOhio Feb 2020 #14

Several. Supposedly. We'll see when the day comes. WhiskeyGrinder Feb 2020 #15

This. The chaos Russia is sowing would destroy many. Hortensis Feb 2020 #17

PBGC has my failed TWA pension. trof Feb 2020 #18

Husband has military retirement pension Blaukraut Feb 2020 #19

My mother is a military widow shanti Feb 2020 #28

I haven't worked in 27 years Raftergirl Feb 2020 #20

Nope! And I'm an employee of the state of WV. a la izquierda Feb 2020 #22

Does WV have no ension plan for Raftergirl Feb 2020 #24

I'm assuming it doesn't. I've worked here for 6.5 years a la izquierda Feb 2020 #44

I don't. My wife does DFW Feb 2020 #23

Yes, lifetime pension from IBM and a 403B from University. sinkingfeeling Feb 2020 #25

I also have the old school IBM pension. Staph Feb 2020 #34

My husband will have one if the state we live in doesn't mess with it. redstatebluegirl Feb 2020 #26

CalPers and SS shanti Feb 2020 #27

My husband, and by extension, I have phylny Feb 2020 #29

Yeah... 2naSalit Feb 2020 #31

Yep Fritz Walter Feb 2020 #32

I have both Yo_Mama_Been_Loggin Feb 2020 #35

Anyone else surprised by this result? Mosby Feb 2020 #36

Survivor's benefit to my husband's Federal CSA mnhtnbb Feb 2020 #37

Various. Igel Feb 2020 #39

a long frozen one Skittles Feb 2020 #42

Dh and I both have pensions MissB Feb 2020 #43

No, but I have some practice being a homeless person. hunter Feb 2020 #45

Yes, retired from state of Ohio 2 years ago with 21 years of service. A Brand New World Feb 2020 #46

Yes, I have two. llmart Feb 2020 #47

maybe you could pony up a few bucks for a DU star Skittles Feb 2020 #54

Yes...but it was frozen at.... Xolodno Feb 2020 #48

Not gonna tell ya, wouldn't be prudent. oasis Feb 2020 #49

IBEW radical noodle Feb 2020 #50

Millennials: "What's a pension?" GanjaGrower Feb 2020 #51

Still working at 70; still paying into my 401k; waited 'till 70 to collect SS for the best payout. NBachers Feb 2020 #55

my mom has a few, my grandpa pere had 1, grandpa mare? had his stolen. pansypoo53219 Feb 2020 #56