No. of Recommendations: 7
I look at it this way. This means you actually have to become actively involved in your finances when it comes to your retirement money. You can't depend on "Daddy" to spoon-feed you any more.
In the "good 'ol days" employees spent their entire working life in one place. How many do that now? How many stay at a place long enough to qualify for the pension plan? Think about your own life. How many companies have you worked for? If you change jobs, whether through choice or through other circumstances, you lose the pension.
But your 401(k) can follow you, or you can roll it to an IRA.
What a concept: employees being asked to take some responsibility for their life. Those evil, conniving conglomerates!
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