npaden's latest activity
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npaden replied to the thread Social security by the numbers.Just glancing through a few financial statements I would say that the administrative costs on the defined benefit plan I audit is... -
npaden replied to the thread Social security by the numbers.They have these things called target date funds. You select the fund based on your anticipated retirement date and that’s it. The rest...
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npaden replied to the thread Social security by the numbers.I’ll look at a couple plans tomorrow and let you know how much more expensive the defined benefit plan is to maintain and how much lower...
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npaden replied to the thread Social security by the numbers.They don’t have to pay half in a 401k plan. They can make the employee pay half in a defined benefit plan. I know of 401k plans that...
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npaden replied to the thread Social security by the numbers.You do realize that employers are not required to provide any kind of a benefit plan right? And employers with defined benefit plans...
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npaden replied to the thread Social security by the numbers.Buzz, I’ve given you about every possible scenario you can dream up. You said $100k was unrealistic so I gave you $50k and you said...
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npaden replied to the thread Social security by the numbers.I have 401k plans that I audit that have 16% employer contributions with no required employee contributions at all. I have some that I...
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npaden replied to the thread Social security by the numbers.Money doesn’t grow on trees. The employer has a set amount of money they can pay employees. They can contribute 35% of that into a...
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npaden replied to the thread Social security by the numbers.You are arguing in circles. Someone who makes $100,000 is a fantasy but someone who makes $50,000 is also a fantasy? You keep saying...
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npaden replied to the thread Social security by the numbers.They have $10,000 more than the guy with the defined benefit pension plan. They could put $4,000 of that into the 401k and have $6,000...
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npaden replied to the thread Social security by the numbers.You can take those numbers and divide them in half and it stays the same. Even proves the point even better actually. Which do you...
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npaden replied to the thread Social security by the numbers.Not sure if all plans are like this or just the ones I am involved with but all of the ones I'm aware of allow a lump sum distribution...
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npaden replied to the thread Social security by the numbers.These pension plans were in the "green" zone under PBGC the entire time. They were not skipping payments into the fund, actually the...
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npaden replied to the thread Remembering when you could eat for cheap.$3.45 for a glazed donut!? They are $1.10 here, $6 for a half dozen. Cake donuts are the same price though. Just a couple years ago...
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npaden replied to the thread Social security by the numbers.As for defined benefit pension plans I’m afraid that the boomers broke them beyond repair. I audit one defined benefit plan and several...
