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2009-01-08 Home Front Economy

Big Slide in 401(k)s Spurs Calls for Change (Yup - Dems are looking hungrily at our 401(k)'s)

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Posted by Zhang Fei 2009-01-08 10:59|| || Front Page|| [10 views ] Top

#1 They do this crap, I'm cashing out and buying gold.

Posted by mojo">mojo 2009-01-08 12:28|| 2009-01-08 12:28|| Front Page Top

#2 U.S. out of our wallets.

Posted by swksvolFF 2009-01-08 12:43|| 2009-01-08 12:43|| Front Page Top

#3 As far as I know anyone can buy an annuity (defined benefit plan). I don't know why you'd need the govt. to do it for you. If you don't feel able to manage your own money you should find someone to do it for you. Of course, it will cost you a little, but not near as much as the govt. will take to do 1/5th as good a job.

Posted by bigjim-ky 2009-01-08 13:01|| 2009-01-08 13:01|| Front Page Top

#4 401(k) plans shift all retirement-planning risks -- not saving enough, making poor investment choices, outliving savings -- to untrained individuals

The third of these risks - outliving savings - will be addressed by a national health care program; after all, that problem can be solved by increasing investment value or not living as long.
And any conventional government plan is guaranteed to be a poor investment choice - better to just throw darts at the WSJ for your picks.
That leaves "not saving enough", but the government says we have to spend, spend, spend to stimulate the economy.

Posted by Glenmore 2009-01-08 13:10|| 2009-01-08 13:10|| Front Page Top

#5 Once again the govt just doesn't get. They do not know the problem they are truly trying to solve. If savings rates are the problem then why cap the savings each year. The cap should be on the total. They want rich people to spend and poor people to save and the middle class to pay for both. Let everyone save up to 1.5 - 2.0 million dollars with great tax advanatges to do so. Then force the money into trusted securites. The govt should be encouraging wealth building not Ponzi schemes.

Posted by airandee 2009-01-08 13:21|| 2009-01-08 13:21|| Front Page Top

#6 The problem, airandee, is the government does not want you to create wealth. They want to take it from you and have you be dependent on them. You are much less likely to make a fuss if with one act the government can cut you off from all your sustenance. Communism 101.

Posted by DarthVader 2009-01-08 13:28|| 2009-01-08 13:28|| Front Page Top

#7 I learned many, many years ago that whatever the government pushes is to be avoided like the plague, NO 401K, NO IRA, NO government bonds, etc for them to steal,

Posted by Rednek Jim 2009-01-08 16:57|| 2009-01-08 16:57|| Front Page Top

#8 Sorry, but if you haven't been paying attention, and don't want to grow up and deal with your money, TS.

Sometimes the purpose of your life is to serve as a warning to others, ya know?

But I wouldn't worry (too much) about the guvmint getting into our 401k's or other retirement plan for a while. Wait till the bills for all this "stimulation" come due, and all bets are off on that, though.

(Mojo, forget gold. They can still get their mitts on that. Cayman Islands, Bahamas, Panama....you get the idea. ;) )

Posted by Cornsilk Blondie 2009-01-08 18:23|| 2009-01-08 18:23|| Front Page Top

#9 WORLD MIL FORUM > IIUC A COMMUNIST AMERIKA MAY EXPERIENCE A BETTER, LARGER "GREAT LEAP FORWARD" THAN CHINA EVER DID UNDER CHAIRMANS MAO OR DENG. SUCH AN AMERICAN "G-L-F" COULD PROVE TO BE A SCORPION FOR CHINA!?

Posted by JosephMendiola 2009-01-08 20:45|| 2009-01-08 20:45|| Front Page Top

#10 Absolutely NOT.

Article stating unjust consfication somewhere in some document you all forgot to read and learn.

Posted by newc">newc 2009-01-08 22:36|| 2009-01-08 22:36|| Front Page Top

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