Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Retirement
The cons of pension
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Augusta, post: 184711, member: 25283"] It is always great and really interesting to know that you work with a company or organization that is pensionable. But sometimes it would have better to be handed all your money to make the most plan with it than being stack away by your employer. So as good as pension sounds it also has its bad sides. The below points are the downside of pension [LIST] [*]It is sometimes difficult to access to your pension until it gets to the retirement period. So even if you are a very tight corner financially, you wouldn’t have access to the money except at the right time [*]Not all pensions are transferable; this simply means if you change jobs you can’t transfer the pension funds from your old workplace to the new one. so if you are not vested in a former place of work, moving your pension fund isn’t just possible [*]If a company or employer goes bankrupt then this will negatively affect the pension funds. The business might nt be able to pay the full pension that you had anticipated. Though you might get something but it will be lower than your expectations [*]You do not have a say in your pension plan. So you just make do with the kind of pension plans that the company is adopting. So at the end of the day everything is decided by the employers and not you the employee. [/LIST] What’s your thought? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Retirement
The cons of pension
Top