Gibonius
Stylish Dinosaur
- Joined
- Nov 27, 2009
- Messages
- 25,173
- Reaction score
- 37,727
My grad school gave the professors a choice between a defined benefit and a 401k style plan. The DB was something like 60% of your high 3. Back in the 90s, a number of them switched (irrevocably) to the 401k plan to try and catch the rising bubble. Didn't work out so well.