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View Diary: States starting to take action on retirement security (42 comments)

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  •  I Would Add That Anybody Who Has A Defined (1+ / 0-)
    Recommended by:
    FindingMyVoice

    Benefit Pension should be aware that it can be taken away at any time.  Even if you have already retired.  So you need to save in addition to your pension.  Even though you were required (MANDATED) to put a portion of your salary into the pension, your pension can be taken from you.  This even applies to people who have already retired who thought they would have their pension to live on.  They either have to go back to work if they are able to or go on Medicaid which means selling everything you own and giving it to the government until you only have $2000 in the bank.  You then get to live in subsidized housing in a low income area and eventually be put in a nursing home that you have no say in which one you are put into.

    "I think that gay marriage is something that should be between a man and a woman.” - Arnold Schwarzenegger 2003

    by kerplunk on Sat Jul 06, 2013 at 06:19:31 PM PDT

    •  I Would Add That Anybody Who Has A Defined (1+ / 0-)
      Recommended by:
      kerplunk

      Contribution Pension should be aware that it will be taken away (no hypothetical required), one management fee at a time by the financial industry.

      I deal in facts. My friends are few but fast.

      by Farugia on Sat Jul 06, 2013 at 08:29:51 PM PDT

      [ Parent ]

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