Quote:
Originally Posted by bizaro86
For sure. I have one relative that has a DB plan from an insurance company, and loves the security. There's no need to throw the baby out with the bathwater.
I actually think the best scenario would be a 3rd part DB plan. If insurance/trust companies could market 3rd party DB plans. If I could put in 10k a year with a guaranteed, inflation adjusted monthly payout at a certain age I definitely would consider it. (Assuming the implied return was reasonable) You could keep your DB if you changed jobs, and the company going under wouldn't screw it up.
I would fear that in gov't hands though, since it then becomes political.
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There are actually plans like this (or similar) coming into existence now. From a purely personal point of view I want more DC....its good for business! I just know that a lot of them offer poor investment choices while you're a member and once people leave they have no idea what to do with the money (again, awesome for guys like me, but I'm not sure thats great for a society with an aging population).