Originally Posted by
Stimpy the Kat
K4 has no retirement plan per se. So that sucks. Next time maybe.
The excuse of " I save my own money. I don't want it to be taken away. " is ridiculous.
Where have you guys been? After 9/11, when pensions were raided in bankruptcy, I don't know of many U.S. Airlines that still have the old Defined Benefit plans that could be voided. (?)
Almost everybody now has Defined Contribution plans that can not be meddled with. Once it's deposited, it's yours.
13-16% of total earnings is about right...
STK
Exactly, it does suck (current pension) but along with the max out and match I still invest more on my own to around 25% or more total earnings.