And so it begins... At least your income tax won't increase (yet)! http://www.workforce.com/section/00/article/25/83/58.php
This should come as no surprise. Those 401K's save people money. If they save enough they become "wealthy" and not part of the "hungry masses", commrade. No! We cannot have this in the People's Republic of the United States.
Pretty much. The ignorant masses won't see this or even know about it, however, thanks to our Pravda media organ.
401k's have become a cash cow for large financial services firms, who charge absurd fees for the limited amount of work performed. Add to that the fact that 401k's nationwide have lost 40% of their value as of today and will surely lose much more in the weeks to come, and it's clear there are much safer ways to fund retirement.
Can't my 401k buy government securities? I don't think I can do precious metals as part of the company plan. My house lost ~20% value in 18 months, about the safe as my diversified 401k...not necessarily "safe". "Surely lose much more in the weeks to come?" What am I missing? Hasn't the DJIA and foreign market stabilized?
If the liberals plan on taxing our 401k contributions as we pay in, perhaps we can write off our losses year by year when the market is down. Sure, and if you believe that one...
