Comments on: Taking A Look At My Roth IRA http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Moneymonk http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/comment-page-1/#comment-13382 Moneymonk Tue, 22 May 2007 16:02:05 +0000 http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/#comment-13382 PEP is a good blue chip stock! I own it also in my Roth IRA via a mutual fund PEP is a good blue chip stock! I own it also in my Roth IRA via a mutual fund

]]> By: NCN http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/comment-page-1/#comment-13370 NCN Tue, 22 May 2007 12:54:49 +0000 http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/#comment-13370 My wife is a teacher, working for the state. So, I guess, as far as pensions go, that's about as 'guaranteed' as you are going to get. Of course, should that change, we'll go in another direction. My wife is a teacher, working for the state. So, I guess, as far as pensions go, that’s about as ‘guaranteed’ as you are going to get. Of course, should that change, we’ll go in another direction.

]]> By: CT http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/comment-page-1/#comment-13358 CT Tue, 22 May 2007 11:25:06 +0000 http://www.ncnblog.com/2007/05/21/taking-a-look-at-my-roth-ira/#comment-13358 Pensions aren't as "guaranteed" as they used to be. When companies are bought out (such as the recent Chrysler buyout) or when they spin off underperforming divisions, many times the new owners cut pensions. Most companies look at pension plans as a huge liability, especially now that the baby boomers are getting to retirement age. GM, for example, gave its employees very generous pension plans in the 70's because they could report higher profits if they gave the employees less wages with higher benefits. Now that GM realizes that the retirement benefits left to pay out is over $50 billion, its killing them, especially since foreign manufacturers have been steadily stealing away market share. Pensions aren’t as “guaranteed” as they used to be. When companies are bought out (such as the recent Chrysler buyout) or when they spin off underperforming divisions, many times the new owners cut pensions.

Most companies look at pension plans as a huge liability, especially now that the baby boomers are getting to retirement age. GM, for example, gave its employees very generous pension plans in the 70’s because they could report higher profits if they gave the employees less wages with higher benefits. Now that GM realizes that the retirement benefits left to pay out is over $50 billion, its killing them, especially since foreign manufacturers have been steadily stealing away market share.

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