In a nut shell, things are changing at work and they are making us decide between 2 options. The best I can describe is…..
The first option is take a pension when we retire, in about 30+ years. This pension is only worth 7 years of my working time. This means that I won’t get a full pension, like I would if I worked there 20, 30, 40 years. I have only been there for 7 years, so the pension would be small and based on 7 years.
The other option is a 401k match at 6%, up to $6,000 a year. There is no pension when I retire, just the 401k plan. This option starts right away.
What do you think is best?
2007-08-25
04:32:26
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6 answers
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asked by
msjackaloane
2
in
Personal Finance