The correct response would be to use your brains to make the best use of the money- obcviously THEY (the poor relatives) have no clue how to be successful
You help no one by giving them a handout- hire them in a business you create with the money
Dear Dave,
Do *you* have the inside track on when He is coming back? Or, is the comment above an indication of your belief that He isn't ever coming back?
Either way, your assumption that our economy isn't possibly going to collapse, is exactly *that*, an assumption. Anyone's assumption as to the near term, or long term future is, as they say, not necessarily valid...
the infowarrior
Legally, corporate pensions are *not* owned by the corporation, but by the beneficaries. The corporation is obliged to keep them funded in an actuarially sound manner, which basically assumes that future claims will be funded at least 80% from fund assets, 20% from future corporate contributions, based on an assumed return on assets of about 8%. Private pensions are insured, like bank deposits. Private pension funds that are not actuarially sound must make up the difference. The problem for the Post Office and municipal pension funds it that they were never actuarially sound, and future income, i.e., taxes and sales of postage stamps, are collapsing.
Inflation.
Inflation is what is going to destroy your pension.