Posted on 08/23/2007 10:49:01 AM PDT by neverdem
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I do get it. A 9.8% return is as good as most diversified portfolio out on the market. You are comparing the rate of return for stocks only. You don’t consider bonds or the virtues of a balanced portfolio ? I think teachers who are in their late 40s and nearer to retirement have a different perspective than a 25 yo might.
The teacher’s plan you discuss is more explicitly stated as to where the contribution comes from. Do you think any company does not consider pension contributions as a part of total employee compensation, and adjust gross salary accordingly ? In the business world, workers are considered to get more money in salary if there is no employer defined-benefit pension than those workplaces who have 401(k) only plans. And no, many employers do not have a company match(I can’t find any statistics on any %s of employers who do have 401k matches). Some employers contribute company stock only. Think Enron. How did that work out for those employees ?
Well?
Hop to it!
It's not like they have to teach more than 10 or 12 kids in a class anyway.
And the question asked of couples is, "How long have you been together," rather than, "How long have you been married."
http://www.econ.brown.edu/econ/sthesis/MattPapers/Paper8.html
82% of all companies offer some level of match, with 3% being average.
Yep, sounds like something Mom and Dad could do all right.
Yep. A number of my daughter’s dance friends are either homeschooled or deal with the “geek” ostracization factor at the public school. Why parents put up with that beats me.
I much prefer that she deal with the various jealousy factors and such at dance than in her academics. She learns what the real world is like, earns the privilege of the part she is cast in, most of the time, and finds out first hand that life is not fair. She has learned these things and much more. The dance world is highly competitive and she has learned to work hard and keep going even if her friends all got party girl for nutcracker, and she only got party boy for three years.
But academics is for learning, not as a basis for singling out the few bright students and subjecting them to cruelty for kicks with your own tax money!!! I am not surprised that the teachers are leading the way. Considering that on average they are the lowest of all the college degrees, I bet that most do hold an antithesis against bright students. Old resentments and all of that nonsense.
That was only Vanguard’s data from 2001, and the average firm participating had 1500 employees.
Since the majority of the American workforce is employed by small businesses, with under 500 employees, to suggest that Vanguard’s data can extrapolate to the larger economy is simply misleading.
Oh please. When I worked in industry, I got a pension, and the company also matched my first 4% of 401K contributions. (I got paid a lot more too, but we won't mention that since I knew I would take a significant pay cut when I decided to teach....)
Sounds like a state and local problem to me. You know, of course, that teachers in PA & NY are among the highest paid in the country. Maybe those of you in those states ought to do something about your problem.
In my state, the maximum amount a teacher can make, with a doctorate degree, is about $72K. I can find the state salary schedules for you, if you'd like, or you can look them up yourself. Teachers here also have to work 30 years or until age 60 to be eligible for retirement.
On the other hand, a friend of mine retired from the military at age 42 with great pay and benefits - same friend pointed out to me that the advantage of the military over teaching was that the military could kick out underperforming and unmotivated "students"...
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