How long until you get a pension?

Discussion in 'Questions From New Drivers' started by zoekatya, Oct 23, 2015.

  1. slim shady

    slim shady Road Train Member

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    Rumor has it, if you go on facebook and type Amen you'll receive money with in 1 day
     
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  3. Straight Stacks

    Straight Stacks Paper Cha$er

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    I thought "Can I Get A" had to precede "Amen" in order for that to work?
     
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  4. lfod14

    lfod14 Road Train Member

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    Don't forget you have to scream, sweat and tell people to send you money.
     
  5. thelushlarry

    thelushlarry Road Train Member

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    However, you will have to send the wiring fee first!
     
  6. bigjoel

    bigjoel Road Train Member

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    Start a "Go Fund Me" account.
     
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  7. rabbiporkchop

    rabbiporkchop Road Train Member

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    Something else to think about is that without a sound currency a pension means absolutely nothing because when a loaf of bread costs $1,000 what good is that pension going to do for you?
     
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  8. Bakerman

    Bakerman Road Train Member

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    You need to switch to a different brand of bread!
     
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  9. HorseShoe

    HorseShoe Road Train Member

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    Thats the cheap stuff. What does it come in a can??
     
  10. HorseShoe

    HorseShoe Road Train Member

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    I, too, busted my butt to get you those handouts
     
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  11. scottied67

    scottied67 Road Train Member

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    Try to latch onto a guaranteed trust fund type pension that is a "defined benefit" as opposed to "defined contribution" plan. I was just reading about a Teamsters pension trust getting ready to cut pension checks in half for retirees because the fund is in peril of going bankrupt in 15 years.

    The problem starts when you have 3 union retirees drawing pension money each month and only have 1 current union member contributing to the fund, more money is going out than coming in. So if 3 guys are drawing $2500 a month pensions and 1 guy is contributing $15,000 a year-- there's a problem.

    Basically if you want to have a solid retirement it is going to come down to self directing your own funds along your career way to do that. IRA's Solo 401k's Annuities Money Market Accounts and even Certificates of Deposit.

    My truck is all beat up and dirty but my retirement accounts are flush and pretty.
     
    Last edited: Oct 24, 2015
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