Originally Posted by
sailingfun
When you add up your MPP payout, note payout, claim payout, PBGC money and the DC plan going forward what is your honest assessment of your percentage of retirement lost. Even one of the most ardent anti ALPA posters on here admits he is actually better off with the new plan.
Im already set in my retirement (on my own doing). If the system was flawless, I would rather have my 60% FAE earnings, guaranteed.
THere will be a lot more downturns, in the future. People are punch drunk with the current state. They look at the Rate of return, now, and think they have made it. Wait until the next few downturns, reality will soon set in. A true guarantee is always better than perceived and forecasted rate of return.
TEN