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Dude what do you think of those who save? That are miserable and hate life? You realize majority of people own motorcycles and are/have raced. Same...

Yeah, what do I know, I’ve only been a CPA six years longer than he’s been alive.

Yea, that's definitely not a pension. And I hope that you're not putting your whole nut in that basket, unless you work for "insert name of company...

No, I just want you to better understand what your employer’s retirement vehicle is.

It can if it's not your primary. But if the plan is to die in the McMansion, then a 2M house ain't going to go far in buying your groceries.......

You want to write a letter to HR and let them know to not call it a pension? :poke::dunno::jerkit:

ESOP plans are not defined benefit plans. https://www.irs.gov/retirement-plans/employee-stock-ownership-plans-esops

People place too high of a value on money. Sure it's good to be responsible and save but live your life a little too. Time is more valuable than...

The house being paid off is huge. It still costs taxes and other expenses, but it is a big step toward being able to say FU pretty much at will and...

Fuck you money is paying off my house. That’s it. After that it’s just showboating.

I think we are confusing FU money and retirement (or FIRE) money here a bit. And that may be adding to the confusion of net worth vs liquid assets.

Yes, the correct difference is defined benefit vs. defined contribution. The former guarantees the benefit for life, the latter works like a...

5.9 million Americans with a liquid net in excess of 1M (investopedia). A high net worth in real estate can very much influence your FU funds,...

Are you sure it's six-pointed and not double or triple square?

My pension plan comes with a disclosure like slightly more complex Social Security statement. "Here is your monthly payment amount if you start...

Net worth has little do do with Fuck you money unless your are willing to sell your possessions to live off the proceeds. That sorta goes against...

Yeah. Some mentioned this including my brands forum. Some used small vise grips to loosen then replaced with hex or torx T bolts. Found more info...

Defined benefit plans are pretty rare in the private realm these days. Most have a defined contribution plan, ie 401k. Puts the risk more on the...

https://en.m.wikipedia.org/wiki/Employee_Stock_Ownership_Plan The term we are talking about is a defined benefit plan.

To quote Rambo, this is not about voter fraud, it’s about election fraud. So if it isn’t about voter fraud, why is Trump upset that the feds...

It's called a pension plan. Dunno. I'd rather have this than some annuity thing.

You retire or separate with a balance, like a 401(k), and can draw payments from it until it runs out. Unless there’s something I’m not seeing this...

I don't know why people hate net worth and housing. That can be a swing of 500,000 to a mil pretty easy. Market might fluctuate some but its still...

The second WI county finished the Trump campaign's recount. They found a net gain for Trump. 45 votes. So his $3M recount netted Biden 87 votes. So...

Copied and pasted from our ESOP portal. I honestly haven't looked into this much since I can't contribute to it and they contribute a set...

The evidence is perfect. It’s the best evidence. It proves Trump was bigly robbed. Unfortunately the entire judiciary, including state level...

So at retirement age you receive payments for the remainder of your life?

Yup. Company I work at has an ESOP.

The whole pension thing is a curveball. How does one place a worth on it? What it should pay out X how long you expect to be alive to draw off it?

Just curious, is there anyone reading this thread who works in the private sector for a company that includes pensions in their benefit package?