What’s better, a pension or a 401(k)?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 24 October 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Machinists who have been on strike against Boeing for over a month just rejected a second contract. A major sticking point? Pensions, which the company suspended 10 years ago, in favor of 401(k) contributions. In this episode, we weigh the pros and cons of each. Plus: Colorado’s oldest business will become a co-op, a tight housing market means fixer-uppers are cool again and recent hurricanes test the catastrophe bond market.

Transcript

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0:58.3	Hey, you are saving for retirement, right? From American public media. It is Thursday, today 24 October.
1:19.8	Good as always to have you along everybody.
1:22.2	This has been a terrible horrible no good
1:24.8	very bad week for the Boeing Company. There was that 6.2 billion dollar
1:29.6	quarterly flood of Red Ink the plane maker announced yesterday morning.
1:34.1	And then last night, the more than 30,000 machinists who've been on strike for almost a month
	...

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