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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-06-06 03:08 PM
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13. all individual retirement plans
actually end up being replacements for the social safety net that Reagan eliminated in the 1980s.

Unemployed? Who needs unemployment insurance? Break into your retirement account.

Uncovered medical expense? Who needs government health coverage? Just break into your retirement account?

Pay for kid's college tuition? Who needs public universities? Open up that retirement account.

Of course, when you are really retired, you may find yourself in big trouble.
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  -Whats a 401A retirment plan? and should I bend over and commander bunnypants  Apr-06-06 11:06 AM   #0 
  - kick  commander bunnypants   Apr-06-06 11:13 AM   #1 
  - It's an investment tool....  mike923   Apr-06-06 01:42 PM   #2 
  - thanks but 401A not K  commander bunnypants   Apr-06-06 01:45 PM   #3 
  - actually its better to only give to the 401k till you match their matching  LSK   Apr-06-06 01:47 PM   #4 
     - sheesh  commander bunnypants   Apr-06-06 01:49 PM   #5 
        - mine matches 500 / yr  LSK   Apr-06-06 01:53 PM   #6 
        - Just as LSk says, then bag the 401k. There's no real advantage  Common Sense Party   Apr-06-06 04:20 PM   #16 
  - I'm looking around on it  underpants   Apr-06-06 02:04 PM   #7 
  - I googled and found  commander bunnypants   Apr-06-06 02:06 PM   #9 
  - I have one and it is a good thing.  RebelOne   Apr-06-06 02:05 PM   #8 
  - Not to argue but...  underpants   Apr-06-06 02:17 PM   #10 
     - The old system...  mike923   Apr-06-06 02:30 PM   #11 
     - That assumes the employee is a sophisticated investor  no name no slogan   Apr-06-06 03:11 PM   #14 
     - yep  commander bunnypants   Apr-06-06 02:46 PM   #12 
  - all individual retirement plans  DBoon   Apr-06-06 03:08 PM   #13 
  - thats another thing about Roth, you can withdraw what you put in  LSK   Apr-06-06 04:29 PM   #17 
  - No such thing. Section 401(a) is the part of the IRC code  Common Sense Party   Apr-06-06 04:18 PM   #15 
 

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