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Why skilled trades have the best game in town
Being the advocate I am for the skilled trades, I’ve had the idea for this post some time now. I wouldn’t write it if I didn’t believe it but I’m going on record to say the skilled trades have the … Read the rest
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Defined Benefit vs Defined Contribution
*Updated for 2023* It’s all in a name, right? If you have been around for any length of time you have most likely heard these terms before: defined benefit and defined contribution. And unless you speak in financial lingo, … Read the rest
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Multi Employer Pensions Part 4: Reform
*Note: This is part 4 of a mini series on multi employer pensions* If you haven’t read any of the previous 3 posts on multi employer pensions the links are below and provide context for this post. Multi employer pensions … Read the rest
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Multi Employer Pensions Part 3: The Pension Benefit Guarantee Corporation (PBGC)
*Note: This is part 3 of a mini series on multi employer pensions* In case you missed part 1 or part 2 of this mini series, you can find the links below. Be sure to read the previous posts to … Read the rest
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Multi employer pensions part 2
*Note: This is part 2 of a mini series on multi employer pensions* Part 1 left us with a host of problems which I tried to outline what they were and some of the reasons why. This post I will … Read the rest
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Why I chose a Roth IRA
In an earlier post I wrote about IRAs and why everyone should have one. I touched on why I had one but I didn’t go into too much detail. It is precisely this post I hope to explain why I … Read the rest
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Multi Employer Pensions part 1
*Note: This is part 1 of a mini series on multi employer pensions.* If you have read any other posts on my website you have undoubtedly discovered I have retirement savings on my mind. I have spent quite a bit … Read the rest
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Pensions: what they are and why they have declined
In their hey day pensions were the premier benefit for gaining and keeping talent in an organization. Close to 40 years ago, around 60% of people had pension plans; now it’s an abysmally low 4%. In the meantime, other retirement … Read the rest
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IRAs – EVERYONE should have one
So what exactly is an IRA? Contrary to popular opinion it doesn’t stand for Individual Retirement Account but Individual Retirement Arrangement as defined by the IRS. I don’t particularly care why they call it an arrangement and not an account. … Read the rest
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What About Annuities?
***Updated for 2024*** When I started researching annuity funds, I wondered why I, along with many others, are offered them as opposed to, say a 401k. There are some major differences, and I thought highly (still do) of 401ks even … Read the rest
