快樂牛郎

但燈膽權呢？強績金同之前想推嘅強醫金其實都係搵笨，只係變相益晒啲基金，但數就要香港人咩。
Lik 發表於 2009/10/21 21:18

How is that different from 401(k) and HSA

快樂牛郎

I should add that from an employee's perspective, 401k's are generally inferior to a defined pension plan. Studies have shown that for most recent-ish retirees (those retired in the last 10 years), t ...
Lik 發表於 2009/10/22 00:17

That's only if you set your pension benefits at unsustainable levels.
Money doesn't come from nowhere.

Defined benefits is history.  It's a crime to even mention it.

快樂牛郎

Biggest difference is, compared to HK, US has a much higher tax rate, and both 401k and HSA are registered tax shelters, thereby providing both instant and longer term financial incentives to the pla ...
Lik 發表於 2009/10/21 23:32

I think you are right, but most people just put a fixed % of money into their 401(k) anyway.
All these are scams, but I am not complaining since they keep the stocks market floating.

快樂牛郎

Not true. Take a look at this TIME magazine article here:

http://tinyurl.com/ye3xdtk

I've read other articles panning 401k's before as well.

Defined pension plans are the gold standard of all pens ...
Lik 發表於 2009/10/22 08:50

Your article has nothing to do with the sustainability of defined benefit plans.

Here's why: Remember, the biggest factor in whether the 401(k) works as designed has to do with when you retire. If the market rises that year, you're fine. If you retired last year, you're toast. And the chances of your becoming a victim of this huge flaw in the 401(k) plan are pretty high. The market fell in four of the nine years since the beginning of the decade. That means anyone retiring this decade had a nearly 50% chance of leaving work in a down market

This is precisely why pension reserves took a great hit in the last two years.  The reserves got 50% smaller because of the market while the same pay outs had to be made.

You are saying defined benefit plans are better for retirees.  Hell, everybody knows that.  Of course it's better for me to get $3K a month in the mail, but are you the one who's gonna fund that?

快樂牛郎

I really hate when people just depend on others to feed them.  If you have no money left when you retire, that's not my problem.  Why should I take the burden of keeping your unsustainably high standard of living?

快樂牛郎

貧富懸殊 is a good thing
it keeps people motivated

快樂牛郎

Anybody watched Capitalism yet?