Poll: Do you have a pension or 401 (k) through your employer?

[luvwinnie]

Hope I can do this right!

 

[Free4Life11]

No, but I am PRAYING that I get this job I applied for! If I do I will get a 401K!

 

[Bob Slydell]

Both 401K and pension. Whether or not there will be anything in the pension by the time I retire, I highly doubt, but it's not something I'm banking on.

 

[Galahad]

Both 401K and pension. Whether or not there will be anything in the pension by the time I retire, I highly doubt, but it's not something I'm banking on.

Both, but our pension was recently rolled over to our 401K (a good thing).

 

[Jimbo]

Both, while DW's company just has a 401(k).

 

[luvwinnie]

I have a pension and DH has a 401 (k).

 

[jenny2]

matching 401K

 

[Bob Slydell]

Both, but our pension was recently rolled over to our 401K (a good thing).

I'd love for that to happen around here (or at any of my previous employers where I vested, for that matter).

 

[OhMari]

I have a Pension. If I leave my current job today, I'll get $117 a month when I turn 68. If I stay at my current job, they figure I will get around $400 a month. I'm just afraid they will loose my name and I will never collect it.

My husband has a 401K and I wish he would leave his alone, he is always shifting funds into different stocks.


My mil became a millionaire with her 401K in the late 80's & 90's. She invested her money in the bank she worked for and ya, she is now a millionaire. She also lived like a squeezed prune for the last 25 years too.

 

[rnd4life]

I'm a SAHM but DH has a 401K at work.

 

[bsnyder]

Yes, I have a SEP IRA. DH has a 401(k) through his employer.

 

[mickeyboat]

I have a Pension. If I leave my current job today, I'll get $117 a month when I turn 68. If I stay at my current job, they figure I will get around $400 a month. I'm just afraid they will loose my name and I will never collect it.

I wouldn't be as worried about them losing my name as I would be about the funding not being there when you need it.

That's why I am glad we have a 401(k). My contributions are vested immediately, and the match (up to 4% of our earnings) is fully funded and 100% vested at the time of contribution as well (at least it is right now, that is subject to change with future contributions).

Denae

 

[disneysteve]

Neither. I'm on my own for retirement planning.

 

[luvwinnie]

I also have an IRA, but never seem to have the $$ to add!

 

[KelNottAt]

Both. I don't know the official name of my pension type, but the concept is "lump sum," i.e., no annuity. I could leave now (age 41) and get a check for $35,000 +/-. If I stay till retirement age, still no monthly check, just a one-time payment.

 

[JimVL]

Both.

 

[Nancy]

I put down pension and 401K but it is really profit sharing not an actual pension AND they deposit the profit sharing into our 401K accounts. I don't put in all that mcuh but it does add up over time.

Dh's company used to have 401K, pension, life insurance and profit sharing. They discontinued all but the 401K. We had the option of taking the money from all 3 funds or rolling it over to the 401K, we chose to roll it over, that way we got all the money, we jsut can't touch it. Most of the employees took the cash and only saw a very small amount after taxes and penalties. His 401K looks very, very impressive now.

 

[LoraJ]

I have both.

 

[Tigger_Magic]

I have a 401K with the present employer and a pension from a previous employer (but that's probably going to be paid out by the Pension Benefit Guaranty Corporation).

 

[Lady Belle]

Yes. 401k with a 3% match, plus in years the company stays under budget, we get an extra 8% of our annual pay deposited, and that's happened every year I've been here. So for the past 6 years I've contributed 14% of my annual pay. It still isn't enough, though. I need to up my percentage. I think I'll do that when I get my next raise in May.