I’m not talking about Social Security, unless your plan is to eliminate it. I am talking about the demise of defined benefit pension plans.
I would make a wager with you, but neither of us will be around long enough to collect.
We don’t have to wait; successful 401K retirements are all around us now, and have been for some time.
One problem with those defined-benefit plans is that they’re only as good as the continuing health of the company. (Ask former Enron employees.) Another is, unscrupulous employers are given the opportunity to cheat by forcing people out before they become fully vested.
Of course, many people think other people – never themselves – are too stupid to make their own arrangements. There are whole governments based on that proposition.
And there are just as many people who will NEVER be able to retire.
We have taken this thread far enough off course. I quit.
The standard premise of that is with enough monkeys and typewriters - or today, computers with word-processing software (an infinite number of each), at least one of the monkeys will eventually start typing Shakespeare’s plays . . . [:-^]
Actually, with an infinite number of monkeys, at least one - and more accurately, many (technically, a likewise infinite number, but I digress . . . ) - will immediately start typing the Shakespearean plays !
And as for what the other monkeys are typing up ?
[:-,] I’m convinced their output becomes credit reports . . . sure seems like portions of mine have been created that way (Employer A’s name at Employer B’s address for Employer C’s time, credit accounts that I never actually opened mysteriously appeared after a bank merger, etc.), and these errors persisted though changed in details after I tried to correct them by the directed procedure. Fortunately, none of this nonsense adversely affected my credit score as far as I know, but still . . . [|(]
- Paul North.
Isn’t that “RoC Co’Cola”? (I think that’s how Ray stevens sang it.)
I saw RC as an option in a smaller local restaurant within the past year (I had Diet Rite); that is usually a sign of an establishment not worth frequenting again.
A railfan colleague of mine was asked the question of this thread, and he conveyed that Warrant Buffett knows exactly where, and that is why his Berkshire-Hathaway bought BNSF …