Quote:
Originally Posted by Slava
Don't get me wrong here; I make a good part of my living dealing with DC plans...but to suggest that they are somehow superior to a DB plan is a tenuous argument at best.
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DC plans are superior for labour mobility. Someone who has a half vested DB plan often won't take a better job, even if pays more and they're more suited to it and it would open up their current job for a younger/underemployed person. Someone with a DC plan can switch, because they don't lose anything.
If it's 1954 and you're satisfied to screw bumpers on Chevy's your whole life, fine. But a DC plan is a better fit for the modern economy, where opportunities/industries change more than once in a 40 year career.