A fully vested 401(k) v. a pension = a bird in the hand is worth two in the bush (for now, anyway).
I tried to explain to a friend that if a government entity goes broke, civil pensions can get cut. She refused to believe me.
Not sure if it will matter anyway: our boys and girls in Congress are salivating right now at the $19+ trillion in 401K/IRA money.
Think the money you deposit in the bank is yours? Take some time and see what was decided on in the last G20 meeting.
Also notice our good friends in talk radio and fox had little to say about that - too busy being PC.
Could it be that they don’t want their retirement accounts stolen? Hmmm?