Comments on: Maintaining Pension Solvency http://civfi.com/2010/01/09/maintaining-pension-solvency/ Sustainable Financing for Civilization Sun, 13 May 2012 14:48:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: alexander james http://civfi.com/2010/01/09/maintaining-pension-solvency/#comment-1169 alexander james Tue, 14 Jun 2011 14:42:53 +0000 http://civfi.com/?p=536#comment-1169 @Rick, You're absolutely right about these funds. In government "funds" get used and "repurposed" all the time by politicians who don't think long term. Using common sense What do you think is the first thing which will be done when a company gets in trouble? If you guessed "raid the pension" and tell the employees it's "to save the company and their jobs" you're absolutely right. Trusting someone else with your financial welfare is financial suicide. We have big problems with lack of financial education and even bigger problems with lack of accountability in this country. @Rick, You’re absolutely right about these funds. In government “funds” get used and “repurposed” all the time by politicians who don’t think long term.

Using common sense What do you think is the first thing which will be done when a company gets in trouble?

If you guessed “raid the pension” and tell the employees it’s “to save the company and their jobs” you’re absolutely right.

Trusting someone else with your financial welfare is financial suicide. We have big problems with lack of financial education and even bigger problems with lack of accountability in this country.

]]> By: Rick http://civfi.com/2010/01/09/maintaining-pension-solvency/#comment-1161 Rick Thu, 09 Jun 2011 20:19:15 +0000 http://civfi.com/?p=536#comment-1161 The pensions funds, while good in paper don't work in real life. The real problem I see is that people still want the government to support them, and the government doesn't want to do this anymore. The solution is to start learning about money and prepare for your own future, save and invest and do not expect anyone else to look after you in your old age. The pensions funds, while good in paper don’t work in real life. The real problem I see is that people still want the government to support them, and the government doesn’t want to do this anymore.
The solution is to start learning about money and prepare for your own future, save and invest and do not expect anyone else to look after you in your old age.

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