That’s right. Whenever labor union guys complained about shareholders making profits over employees, I would remind them that their pension plans are profiting.
Yup - exactly. Middle class 401ks, IRAs, and other stock investments going UP is good for retirements!
In 6 of the last 8 years, there were no annual merit increases where I work.
2017 was no different. If we were to get a merit increase, it would come in September. Once again, it didn’t.
Then, the effects of the Trump presidency and the possibility of tax reform, changed everything.
It has been announced that merit increases will be reinstated after the first of the year.
And my 401k has NEVER done better than it has since the election of 2016.