J
johnm01
Guest
hi all,
i'm thinking about joining my company pension plan but am unsure of a few things before i do... i have to say i was a bit uncomfortable with the sales pitch by the pensions salesperson... basically i felt like he was just trying to get me to max my contribution asap.
I guess the things i'd like to know are what happens to my fund if i die before retirement and also if a die a couple of years into retirement...is my fund gone?, does it go to my spouse kids if any?...
also for those of you in a plan, what percentage of salary were you paying in?. i know i can pay in up to 15% of my salary (i currently pay 5 matched with 5 by company).. i'm a was a bit shocked that this was no where near enough.... but 15-20% is a large chunk of change to pay out each month..
any advice appreciated
i'm thinking about joining my company pension plan but am unsure of a few things before i do... i have to say i was a bit uncomfortable with the sales pitch by the pensions salesperson... basically i felt like he was just trying to get me to max my contribution asap.
I guess the things i'd like to know are what happens to my fund if i die before retirement and also if a die a couple of years into retirement...is my fund gone?, does it go to my spouse kids if any?...
also for those of you in a plan, what percentage of salary were you paying in?. i know i can pay in up to 15% of my salary (i currently pay 5 matched with 5 by company).. i'm a was a bit shocked that this was no where near enough.... but 15-20% is a large chunk of change to pay out each month..
any advice appreciated