Tax bill

[dmek25]

https://www.reuters.com/article/us-a...-idUSKBN1EX1DF

[Schneed10]

Originally Posted by dmek25

https://www.reuters.com/article/us-a...-idUSKBN1EX1DF

That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.

[CRedskinsRule]

Originally Posted by Schneed10

That sucks. However, what does it have to do with the tax bill? Or did you just think this was the best place for this article? I ain't mad about it either way but I'm left to guess what your point is, since all you did is provide the link.

This decision appears to be in no way related to the new tax bill.

Weirder still it's from Jan 8th, and is only half the story:

Arconic to freeze U.S. pension plans | Economy | qctimes.com

They are simply changing from a pension plan to a 401k retirement plan.

[Giantone]

Originally Posted by CRedskinsRule

Weirder still it's from Jan 8th, and is only half the story:

Arconic to freeze U.S. pension plans | Economy | qctimes.com

They are simply changing from a pension plan to a 401k retirement plan.

Is that better for employees?

[CRedskinsRule]

Originally Posted by Giantone

Is that better for employees?

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

[Giantone]

Originally Posted by CRedskinsRule

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

[CRedskinsRule]

Originally Posted by Giantone

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

The article said this was a 3% contribution matching up to 6%.

[BaltimoreSkins]

Originally Posted by Giantone

Is that better for employees?

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.

[Giantone]

Originally Posted by BaltimoreSkins

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.

Not necessarily ,don't assume that becuase one has a degree...in anything one knows how to invest or deal with Wall Street. many highly educated people ,smart,very smart people invested with Bernie Madoff and lost millions.


Why Smart People Make Bad Financial Moves by Laura Rowley

[Giantone]

Sorry double post