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Reply #34: Despite high unemployment, fact is...most adults are in fact working. [View All]

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Honeycombe8 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-05-09 06:43 PM
Response to Reply #5
34. Despite high unemployment, fact is...most adults are in fact working.
Life is going on more or less the same.

This failure to save in the 401K has been talked about for a few years now. It's worse now, though, because people are not saving their usual amounts because of fear about the economy.

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  -Obama expands workers' retirement savings options BlueJessamine  Sep-05-09 07:08 AM   #0 
  - I wonder  izquierdista   Sep-05-09 07:14 AM   #1 
  - since it was a DEMOCRAT who proposed it....a lot of faux outrage  ccinamon   Sep-05-09 07:24 AM   #2 
  - The greedy capitalists  BumRushDaShow   Sep-05-09 07:54 AM   #3 
  - The greedy class don't have a problem with Americans saving  MindPilot   Sep-05-09 08:42 AM   #6 
  - Why save when the interest rate is from 0.5% to 1.5%  JDPriestly   Sep-05-09 10:16 AM   #11 
     - you nailed it  CountAllVotes   Sep-05-09 11:44 AM   #13 
     - then opt out.  mopinko   Sep-05-09 12:51 PM   # 
     - then opt out.  mopinko   Sep-05-09 12:51 PM   #18 
     - Thanks CountAllVotes  JDPriestly   Sep-05-09 04:20 PM   #24 
     - Yep, this is something Wall Street would love.  Iowa   Sep-05-09 04:21 PM   #26 
     - Why not put it in short term AAA bonds?  TwixVoy   Sep-06-09 07:15 PM   #50 
  - of course, if they're really serious about it, they need to bring all the jobs back here so that  salguine   Sep-05-09 08:33 AM   #4 
  - Good point, salguine  JDPriestly   Sep-05-09 04:21 PM   #25 
  - Well said. I agree.  Iowa   Sep-05-09 04:29 PM   #31 
  - Obama Puts the Cart Before the Horse--Again  Demeter   Sep-05-09 08:38 AM   #5 
  - looks good as a Headline, doesn't it?  fascisthunter   Sep-05-09 09:15 AM   #10 
  - However, let's not forget......  llmart   Sep-05-09 12:20 PM   #16 
  - The People Who Saved Lost It In the Stock Market Frauds  Demeter   Sep-05-09 12:23 PM   #17 
  - Well, I guess if they weren't very savvy......  llmart   Sep-05-09 08:10 PM   #40 
     - I have a very elderly friend who asked me to look at her broker's statement to her  JDPriestly   Sep-06-09 01:38 AM   #45 
  - You ask who saved in the good years? The people who lost money  JDPriestly   Sep-05-09 04:24 PM   #27 
     - See my response to Demeter.  llmart   Sep-05-09 08:13 PM   #41 
  - And, something the admin has been working on ..  Cha   Sep-05-09 01:12 PM   #20 
  - Despite high unemployment, fact is...most adults are in fact working.  Honeycombe8   Sep-05-09 06:43 PM   #34 
     - heh, so unemployment is not a prob until 51% unemployed?  704wipes   Sep-05-09 11:06 PM   #44 
        - I didn't say that. Fact is (facts are pesky little things, aren't they? Hard to  Honeycombe8   Sep-06-09 09:56 AM   #48 
  - People need to make some interest on Safe Savings Accounts not the Wall St. Casino  KoKo   Sep-05-09 08:43 AM   #7 
  - I'm with you. "Decent interest" is the key. The  LibDemAlways   Sep-05-09 09:11 AM   #8 
  - You can put your 401(K) money in a CD, but you won't get much interest.  JDPriestly   Sep-05-09 04:25 PM   #29 
  - Not in most 401K's, I think. Certainly not in mine. Unless you pay extra to have a "side" account.  Honeycombe8   Sep-05-09 06:44 PM   #35 
     - You should be able to buy treasury bonds  Sgent   Sep-05-09 08:13 PM   #42 
        - Maybe. (but who wants THOSE at this time?) I'll look into it, though. nt  Honeycombe8   Sep-06-09 09:53 AM   #47 
  - I'll take investments over usary any day. All usary does is make money  harun   Sep-07-09 10:46 AM   #51 
  - why does this remind me of  newblewtoo   Sep-05-09 09:11 AM   #9 
  - a woman I know works for a bank  CountAllVotes   Sep-05-09 11:54 AM   #14 
  - employers are not allowed to tell you where to invest your 401k  curlyred   Sep-05-09 12:15 PM   #15 
  - my entire retirement acct. was held by Fidelity  CountAllVotes   Sep-05-09 12:58 PM   #19 
  - In this case, there appears to have been no direct way for the woman to change her investments  varelse   Sep-05-09 01:17 PM   #21 
  - Not neccessarily  Sgent   Sep-05-09 04:25 PM   #28 
  - I seriously doubt there is any 401K in existence that requires investors to invest  Honeycombe8   Sep-05-09 06:48 PM   #36 
  - Frontline did an excellent piece on 401k's and retirement.  ipaint   Sep-05-09 11:02 AM   #12 
  - The problem with 401K's  Shireling   Sep-05-09 02:17 PM   #22 
  - They usually offer a plate of mutual funds. Every investor gets a prospectus  Honeycombe8   Sep-05-09 06:49 PM   #37 
  - Savings? People have to earn more than they need to save.  PSPS   Sep-05-09 03:45 PM   #23 
  - This is great for the crowd that earns lots of money.  JDPriestly   Sep-05-09 04:33 PM   #32 
  - You have to pay yourself first, then spend.  Honeycombe8   Sep-05-09 07:06 PM   #38 
  - Talk to me about lots of new, good jobs.  bemildred   Sep-05-09 04:27 PM   #30 
  - We need 401k reform  high density   Sep-05-09 05:10 PM   #33 
  - It's because the owners participate, also. And the plan handler (the investment co.)  Honeycombe8   Sep-05-09 07:08 PM   #39 
  - Yeah right, like one can save shit when one is making shit  704wipes   Sep-05-09 10:54 PM   #43 
  - Many workers use their refund to  burrowowl   Sep-06-09 02:34 AM   #46 
     - The individual bears SOME responsibility. How many people have you known  Honeycombe8   Sep-06-09 10:15 AM   #49 
 

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