Tag: cash balance plan

Exterior view of the French headquarters of IBM

Shifting company contributions from 401(k)s to cash balance plan won’t help the rank and file. In the recent sudden burst of enthusiasm for defined benefit (DB) plans, IBM has been at the center of the conversation.  Indeed, IBM is making changes to its retirement plans.  Starting in January 2024, IBM will end its 5-percent matching…

Teacher teaching a classroom full of students

Teachers are the most valuable members of society.  They educate our children and help them grow up.  Children probably spend more time with their teachers than with their parents.  Teachers should be paid properly and treated with great respect. Instead, we seem to be doing everything to undermine their financial security and to humiliate them. …