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(LA Times)   New report says the 401(k) system leaves most people with inadequate retirement savings. That report is called your 401(k) statement   (latimes.com) divider line 206
    More: Fail, pension plans, saves, Economic Policy Institute  
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1573 clicks; posted to Business » on 06 Sep 2013 at 11:38 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-09-07 12:40:21 PM  
So is that why the administration wants to take away all your 401Ks and give you a monthly dole instead?
 
2013-09-07 01:25:15 PM  

IronTom: So is that why the administration wants to take away all your 401Ks and give you a monthly dole instead?


Huh?
 
2013-09-07 01:39:22 PM  

rnld: IronTom: So is that why the administration wants to take away all your 401Ks and give you a monthly dole instead?

Huh?


I believe the theory is that Obama, the sekrit Muslim, will be rounding us up and putting us into FEMA camps; this would be preceded by the gummint taking all of our 401Ks away to fund death panels, forced abortions and requiring that we all marry our turtles.  Which will be preceded by Nancy Pelosi coming to everyone's houses to take their guns.  The word "Dole" was erroneously not capitalized; the only food we'll have in our camps is canned pineapples, as a way of returning the favor to the governor of Hawaii for faking Obama's birth certificate.

Geez; this stuff is so obvious.  I'm not sure why you didn't know this already.
 
2013-09-07 01:46:51 PM  

mofa: rnld: IronTom: So is that why the administration wants to take away all your 401Ks and give you a monthly dole instead?

Huh?

I believe the theory is that Obama, the sekrit Muslim, will be rounding us up and putting us into FEMA camps; this would be preceded by the gummint taking all of our 401Ks away to fund death panels, forced abortions and requiring that we all marry our turtles.  Which will be preceded by Nancy Pelosi coming to everyone's houses to take their guns.  The word "Dole" was erroneously not capitalized; the only food we'll have in our camps is canned pineapples, as a way of returning the favor to the governor of Hawaii for faking Obama's birth certificate.

Geez; this stuff is so obvious.  I'm not sure why you didn't know this already.


That explains it!
 
2013-09-07 05:13:29 PM  

HeadLever: Yep, subby. All the system's fault.  Has nothing to do with this.  Personal responsibiltiy is only for others, amiright?

[www.creditwritedowns.com image 570x371]


What happened to interest rates in this time?

When interest rates were high, it was rational to save.  When interest rates plummeted, it is now rational to borrow money.  People who aren't maxing out their HELOCs or taking out long-term mortgages now that interest rates are at historical lows are fools.

We need to crank up interest rates to 1985 levels.  It will make real estate prices sane again, and it will encourage savings again.
 
2013-09-07 08:11:40 PM  

rnld: A company sponsored 401K plan usually has high fees.


Maybe I have just been lucky, but the company-sponsored 401k's I've had (thru Fidelity and Charles Schwab) have had zero fees other than the mutual fund expenses. There are plenty of index funds available that have expense ratios of like 0.15% or so. The other funds are still around 1% or so. Are most 401k's worse in this regard?
 
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