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Seems like an $85k/yr pension should be more than enough to retire on.
That said, I think he's concerned that, given GE's trajectory, the pension will evaporate. What then?
Remember to set up auto-sale folks. Your retirement returns will be less than selling at a lifetime high price of whoever you work for. But you will not sell at the lifetime high price. Please don't forget to sell at all.
It took a lawsuit for my employer (Honeywell) to allow moving (out of Honeywell stock) of matched contributions. I still keep about 20% in company stock. It has done very well and pays a good dividend. To think that we were almost bought by GE years ago.
I'm curious why you keep so much in Honeywell stock? For a very long time GE was a great company to have that would routinely give nice returns and dividends, and then things went downhill. Layoffs happened, and those people were faced with much lower portfolio valuations if they were heavily weighted in the company they work for.
Seems like an $85k/yr pension should be more than enough to retire on.
Seems like an $85k/yr pension should be more than enough to retire on.
No kidding, at a 4% safe withdrawal rate, that's the same as a $2+ million nest egg. That said, I think he's concerned that, given GE's trajectory, the pension will evaporate. What then?
Got a non paywall link?
Seems like an $85k/yr pension should be more than enough to retire on.
Seems like an $85k/yr pension should be more than enough to retire on.
Roughly $140 billion in GE stock-market wealth was lost in the past year GE has lost a substantial percent of its market cap this year. I wouldn't count on that pension sticking around for 30 years without being 'restructured'. And in 30 years it'll be worth $40k a year anyway.
Got a non paywall link?
Remember to set up auto-sale folks. Your retirement returns will be less than selling at a lifetime high price of whoever you work for. But you will not sell at the lifetime high price. Please don't forget to sell at all.
It took a lawsuit for my employer (Honeywell) to allow moving (out of Honeywell stock) of matched contributions. I still keep about 20% in company stock. It has done very well and pays a good dividend. To think that we were almost bought by GE years ago.