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In reply to the discussion: Poll: How many DUers have a 401k or IRA [View all]MissB
(15,813 posts)12. Pension, 401k, 457 plan plus other investments
As a family, anyway. Dh has a 401k and a pension (from when his employer used to offer one before switching to the 401k). I have a defined benefit pension and a defined contribution plus deferred comp. And we have other retirement vehicles.
Pensions are a rare breed anymore. Dh's 401k has been great, despite the ups and downs. But we can afford to put away the max each year, which is one of many reasons that I think they are a poor replacement for pensions.
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I used to before I retired. But if I had had to rely on just that, I'd be eating out of
CTyankee
May 2013
#43
Feel free to ask questions in the DU Personal Finance and Investing group.
Common Sense Party
May 2013
#52
Another interesting question; if u have one, how much do you expect have saved before using it?
geckosfeet
May 2013
#14
Yes. Good poll. But the more you have in funds, the more exposure you have to market fluctuation.
geckosfeet
May 2013
#29
I was under the impression that IRAs were generally invested in the same things as 401Ks...
LooseWilly
May 2013
#68
With the miniscule interest being paid on bank deposits, there aren't many places for people to put
Nimajneb Nilknarf
May 2013
#48
Non profits. Usually it's educational institutions and hospitals, mostly.
Common Sense Party
May 2013
#60
I have a savings account at my local Credit Union, & a tiny cabin with 10 acres I own free & clear.
scarletwoman
May 2013
#65