The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools

URL:  http://boards.fool.com/fleg9bo-writes-while-this-may-be-true-why-should-26861428.aspx

Subject:  Re: Is your 401(k) Inadequate For Retirement Date:  7/30/2008  9:18 PM
Author:  CycleGirl Number:  13759 of 19021

fleg9bo writes:

While this may be true, why should companies be responsible for employees' retirement savings?

Precisely. Social security and personal savings is the new two-legged stool. Companies with defined benefit pensions, like GM, are doomed to eventual bankruptcy.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us