zlacker

>>toomuc+(OP)
Read somewhere that they get 12% match on 401k. No pensions, but there’s almost none of that in today’s world.

>>pixela+y3
Pensions seem nice to have, but IMHO, it's generally better for employer and employee when compensation is paid immediately. The accounting is simpler, accountability is easier, and there's no long term entanglements.

>>toast0+F5
Only if your tax system supports it.

In germany a pension comes from your gross salary, is untaxed and moved away. It then will be taxed later when you are retired but because you probably earn a lot less as a retire, you pay less taxes on it.

>>Steuer+s9
You can do this with your own salary through a 401k in the US or an RRSP in Canada.

>>SonicS+ga
You can’t come anywhere near maxing tax-exempt contributions to a 401k without substantial employer contributions, though, because of how they’re structured. The employer’s separate cap is higher than the employees. No matter how dedicated to saving a person is, they can’t even hit 50% of the max without the employer separately contributing.

>>vunder+Ec
Most pensions involve a substantial employer contribution too.

I'm just saying, if they're contributing, great, I'd rather it go into a 401k where it's in a specific account for me and I can easily track it and complain timely if it's missing and I can fully separate from the employer when I leave versus going into a pension trust which I have much less visibility and a much longer connection with the company.

Of the four companies I've had 401ks with, one is totally dead, I think. Another is merged into Verizon and may as well be dead. The fourth bought the third and might last until I'd get a pension.

I'm quite happy I have no further financial connection to these companies, and don't have to pay attention to their solvency anymore.