Can a Hybrid 401(k) Save Retirement?

[CountryBoy]

Interesting read. Barclays seem to be leading the way and has appeared to have been in contact with Congress to some small degree. Combo annuity and savings. Wave of the future?

http://www.businessweek.com/magazine/content/09_07/b4119061756100_page_2.htm

CB

 

[ChemEng]

They wouldn't be pushing it if they didn't think they could make more money of it...

More money for them = less money for us.

 

[CountryBoy]

They wouldn't be pushing it if they didn't think they could make more money of it...

More money for them = less money for us.

Chem Eng,

That was my first impression also, I figure I'm going to get lucky and miss this improvement to our retirement package. But mid year and longer employees could be impacted, especially if it'll save the feds $$$. I know NSPS with the DOD is hurting our high 3's.

Thanks,
CB

 

[alevin]

I must be confused. Sounds very similar to our FERS 1% (annuity) plus TSP (savings). How is what they are proposing different in concept?