Personal Finance Review – I Have No Pension Edition

September 9, 2007

At a family gathering this weekend I discovered the employer of one relative offers a pension plan.  I thought pension plans were a thing of the past but I guess some companies still have them.  Not only that, they offer a 401k match and profit sharing.  Wow, I’m working at the wrong place : ) 

We supplement our 401k plan with Roth IRAs since I don’t have a pension and I’m not planning on any help from Social Security in retirement. As a teacher, my wife has contributed to a state employee retirement fund that should be solvent come retirement time so we can look forward to that; but no pension for us : (

Here are some money articles I enjoyed this week, kind of long review this time:

Bank of America May Have Removed Balance Transfer Fee Cap @ Suns Financial Diary

Percent Given, Not Amount, is Key to Generosity @ Free Money Finance

Interest Rates For Dummies @ Money, Matter, & More

Should You Take That 0% Financing Offer? @ Blueprint for Financial Prosperity

Invest In The Stock Market Using These Investing Styles @ The Digerati Life

A Few Good Reasons Why You Should Pay Your Taxes @ Generation X Finance

Stopping My Prosper Contributions @ Lazy Man & Money

Refilling a Toothpaste Tube for Fun and Convenience @ Five Cent Nickel

September 2007 is eBay Month at MyPoints @ Mighty Bargain Hunter

5 Romantic Outdoor Day Date Ideas Under $30 @ Consumerism

Discover your money values and financial demons @ Moolanomy

How to Feed Yourself for $15 a Week @ Get Rich Slowly

What’s your tipping point? @ Paid Twice

Getting Out Of A Cell Phone Contract By Giving It Away @ My Money Blog

The One Hour Project: Build Your Own Net Worth Calculator @ The Simple Dollar

Last but not least, check out last week’s Carnival of Personal Finance at Advanced Personal Finance.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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6 Responses to Personal Finance Review – I Have No Pension Edition

  • Credit Building you can built your credit way the of using the credit companies

  • MoneyNing

    Great links 🙂 Thanks!

  • Patrick

    Pensions are becoming more and more rare, but there are several companies that still offer them. Besides military and state and local govt, many school systems (including universities) offer them. Another popular sector is airlines and major government contractors such as Boeing, Lockheed Martin, and Northrop Grumman.

    Companies that offer pensions, 401k match, and profit sharing tend to be smaller highly profitable companies whose employees contribute greatly to their success. It is their way of keeping them around, and is usually very successful.

    As for me, my current company doesn’t have a pension, and I got out of the military well before I was eligible for their pension plan.

  • paidtwice

    I want a pension too! lol

    Thanks for the link! Enjoyed the roundup!

  • Pinyo

    Great roundup. Thank you for mentioning Moolanomy. Your relative must be working for public sector — my company only offers 401k, everything else were discontinued.

  • Lazy Man

    My wife has a pension. It’s backed by a pretty sturdy company. You might have heard of them, the US military.