KoKo
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Sat Dec-26-09 09:41 AM
Response to Reply #55 |
| 60. Ha...you remembered... |
|
 A happy New Year to you, SoCal! (and thanks for this post)
|
| -Remember the 401-K?? and the investor class for the masses? |
SoCalDem |
Dec-25-09 10:55 AM |
#0 |
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Recommend |
xchrom |
Dec-25-09 11:00 AM |
#1 |
| -
spot on... kicked and recommended |
ixion |
Dec-25-09 11:01 AM |
#2 |
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Spot Om K&R |
WCGreen |
Dec-25-09 11:01 AM |
#3 |
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When I started at a corporate job in financial services back in 1999 |
Orrex |
Dec-25-09 11:02 AM |
#4 |
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It had to appear better than sliced bread, to get MOST eligible people IN it. |
SoCalDem |
Dec-25-09 11:10 AM |
#6 |
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The hidden fees in 401Ks are an undisclosed swindle |
SOS |
Dec-27-09 12:17 PM |
#106 |
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Isn't part of the appeal of the 401 K plan the notion that |
truedelphi |
Dec-25-09 04:43 PM |
#34 |
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You're right--the contributed funds are tax-deferred |
Orrex |
Dec-25-09 05:11 PM |
#35 |
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It is gambling, and you need to be smart |
onlyadream |
Dec-26-09 09:42 AM |
#61 |
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But Bonds can be just as |
femrap |
Dec-26-09 10:15 AM |
#67 |
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That is crazy. |
Statistical |
Dec-26-09 12:02 PM |
#80 |
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Often the low-risk option is referred to as a "Stable Value Fund" |
A HERETIC I AM |
Dec-26-09 02:18 PM |
#91 |
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I thought they all offered money markets... |
onlyadream |
Dec-27-09 11:16 AM |
#103 |
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This was in the early to mid '90's that I |
femrap |
Dec-27-09 04:28 PM |
#110 |
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People who were already retired also took big hits |
Lydia Leftcoast |
Dec-26-09 09:45 AM |
#63 |
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What you are missing is a 401K is just a bucket. |
Statistical |
Dec-26-09 09:54 AM |
#64 |
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Thanks Orrex. n/t |
truedelphi |
Dec-26-09 02:55 PM |
#92 |
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Taxes are just one consideration. |
zoff |
Dec-26-09 09:57 AM |
#65 |
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Thank you for all this information. |
truedelphi |
Dec-26-09 02:08 PM |
#90 |
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Always glad to share what I learned in Financial Services. YVW. |
zoff |
Dec-27-09 04:12 AM |
#100 |
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All part of the 1-percenters' Ponzi Scheme. |
jgraz |
Dec-25-09 11:09 AM |
#5 |
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K&R |
highplainsdem |
Dec-25-09 11:13 AM |
#7 |
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+10 |
amborin |
Dec-27-09 01:04 AM |
#98 |
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Excellent perspective! |
CaliforniaPeggy |
Dec-25-09 11:13 AM |
#8 |
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Good Points SoCal...something that's not much talked about |
KoKo |
Dec-25-09 11:18 AM |
#9 |
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WTF does Bernie Madoff have to do with 401K. |
Statistical |
Dec-25-09 11:19 AM |
#10 |
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he sent out great looking statements ..I never said he was |
SoCalDem |
Dec-25-09 11:22 AM |
#11 |
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My 401K is up substantially. |
Statistical |
Dec-25-09 11:29 AM |
#12 |
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My husband's company has an 8% max & they match 4% |
SoCalDem |
Dec-25-09 11:36 AM |
#13 |
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$40K buys $240 a month annuity for life for investor + spouse. |
Statistical |
Dec-25-09 11:58 AM |
#15 |
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The tax benefits are great for boomers, not so great for subsequent generations. |
Hello_Kitty |
Dec-25-09 12:14 PM |
#18 |
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Every generation gets screwed, at various times..the whole system sees to it |
SoCalDem |
Dec-25-09 12:27 PM |
#20 |
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Major reason why I recommend a Roth IRA over traditional one. |
Statistical |
Dec-25-09 07:40 PM |
#38 |
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The taxes on the Middle and Working Classes |
femrap |
Dec-26-09 10:24 AM |
#70 |
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exactly. nt |
DesertFlower |
Dec-25-09 02:52 PM |
#30 |
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About Madoff -- somewhat OT |
PufPuf23 |
Dec-25-09 11:04 PM |
#46 |
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yes it was a mess |
katkat |
Dec-25-09 11:38 AM |
#14 |
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A big kick and recommend. n/t |
tonysam |
Dec-25-09 12:03 PM |
#16 |
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401K |
enid602 |
Dec-25-09 12:13 PM |
#17 |
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Fantastic.. What a great retirement you have |
SoCalDem |
Dec-25-09 12:20 PM |
#19 |
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participants |
enid602 |
Dec-25-09 12:31 PM |
#21 |
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Those numbers are not meaningful without knowing the age distribution |
Trekologer |
Dec-27-09 12:13 PM |
#105 |
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Kick. nt |
Smarmie Doofus |
Dec-25-09 12:44 PM |
#22 |
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Also those 401-Ks were a way to co-opt the middle class... |
ljm2002 |
Dec-25-09 12:50 PM |
#23 |
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Like any good pyramid scheme, the few that get in early and get out before the collapse |
Greyhound |
Dec-25-09 01:12 PM |
#24 |
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welll.. when the schemes came into fruition, boomers were not the ones "in charge" |
SoCalDem |
Dec-25-09 01:20 PM |
#25 |
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My 401k has recovered very nicely. |
Mudoria |
Dec-25-09 02:11 PM |
#26 |
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how old are you? |
SoCalDem |
Dec-25-09 02:26 PM |
#27 |
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You do realize that not all folks have employers reimbursing at that rate... |
KoKo |
Dec-27-09 06:28 PM |
#112 |
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You are dead on the money with this SoCal |
annabanana |
Dec-25-09 02:29 PM |
#28 |
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my husband has worked for an international |
DesertFlower |
Dec-25-09 02:51 PM |
#29 |
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People tend to forget that the last stock bust came about... |
hayu_lol |
Dec-25-09 03:05 PM |
#31 |
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hubby used to get big raises. |
DesertFlower |
Dec-25-09 04:30 PM |
#33 |
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The myth of the 'populist' stock market |
EVDebs |
Dec-25-09 03:47 PM |
#32 |
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K & R....thank you.....it needed to be said and you said it well. |
winyanstaz |
Dec-25-09 06:56 PM |
#36 |
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i agree with you |
madrchsod |
Dec-25-09 07:17 PM |
#37 |
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Corporate management decisions... |
nicky187 |
Dec-25-09 08:27 PM |
#39 |
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Just another joke on the working class |
BlueJac |
Dec-25-09 08:35 PM |
#40 |
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I can't think about this too long because I get chest pains |
EFerrari |
Dec-25-09 08:39 PM |
#41 |
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You're right -- corporations operate to make a profit |
Yupster |
Dec-25-09 09:20 PM |
#42 |
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I've stopped contributing. |
AllyCat |
Dec-25-09 10:07 PM |
#43 |
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Don'tcha love the douches who explain FREE MARKET economics to you? |
TwentyFive |
Dec-25-09 10:50 PM |
#44 |
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Realistic perspective. Sad. |
PufPuf23 |
Dec-25-09 10:58 PM |
#45 |
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President Obama has no current ties to any Boomer; hence, he has no empathy (at the least). |
WinkyDink |
Dec-25-09 11:25 PM |
#47 |
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Yep.. his mother died before she was old enough to retire |
SoCalDem |
Dec-26-09 09:17 AM |
#53 |
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While It Has Turned Out Worse Than I Expected |
DallasNE |
Dec-26-09 01:07 AM |
#48 |
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It's no accident that all the deregulation was coupled with this little "invention" |
SoCalDem |
Dec-26-09 08:36 AM |
#49 |
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+!...Society Changed....Marketing "Lifestyles of Rich & Famous" became |
KoKo |
Dec-26-09 09:17 AM |
#54 |
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The modern version of goldfish swallowing, pole sitting, dance marathons |
SoCalDem |
Dec-26-09 09:22 AM |
#55 |
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Ha...you remembered... |
KoKo |
Dec-26-09 09:41 AM |
#60 |
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luckily you did not change your new name, all that much |
SoCalDem |
Dec-26-09 09:42 AM |
#62 |
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yes. K&R |
Tuesday Afternoon |
Dec-26-09 08:46 AM |
#50 |
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I just noticed the Triceratops. One new monitor..STAT! |
paparush |
Dec-26-09 09:10 AM |
#51 |
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I love subtle..not many people have "gotten" it |
SoCalDem |
Dec-26-09 09:13 AM |
#52 |
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People forget that pensions originally were substitutes for earned wages. |
fasttense |
Dec-26-09 09:27 AM |
#56 |
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I worked for 10 yrs in a place with a union.. only 10 years |
SoCalDem |
Dec-26-09 09:37 AM |
#59 |
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Do you understand that your $26.00/mo dues is NOT what funded your monthly payments? |
A HERETIC I AM |
Dec-26-09 03:09 PM |
#93 |
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I know that.. but since my actual wages were very good and my benefits were super |
SoCalDem |
Dec-26-09 03:12 PM |
#94 |
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Then what was the purpose of saying this: |
A HERETIC I AM |
Dec-26-09 04:12 PM |
#96 |
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Pensions were and are managed by professionals |
RainDog |
Dec-26-09 10:20 AM |
#68 |
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Spot on ... and a second twist, ... |
CRH |
Dec-26-09 09:28 AM |
#57 |
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The dirty secret they failed to tell you about your 401K, is that |
B Calm |
Dec-26-09 09:31 AM |
#58 |
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So how does that explain |
TxRider |
Dec-26-09 11:35 AM |
#77 |
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Stop busting up the wild consipracy theories with simple logic. |
Statistical |
Dec-26-09 07:25 PM |
#97 |
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So what should people do for their retirement savings? |
treestar |
Dec-26-09 09:59 AM |
#66 |
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I know.. It just generally sucks.. The BEST advice I could give to young'uns is this |
SoCalDem |
Dec-26-09 10:21 AM |
#69 |
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I have relatives who never left the tiny starter house |
treestar |
Dec-26-09 10:30 AM |
#71 |
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The smart ones land on their feet..and another advantage to a small house? |
SoCalDem |
Dec-26-09 10:37 AM |
#72 |
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Definitely not "Trading Up". |
HughBeaumont |
Dec-26-09 12:10 PM |
#82 |
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Don't give up eating dinner out...totally |
SoCalDem |
Dec-26-09 12:26 PM |
#85 |
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Try to pull your money out "in time" |
librechik |
Dec-26-09 10:42 AM |
#73 |
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why not transfer from a stock (equity) fund to a money market or treasury fund? |
Statistical |
Dec-26-09 11:27 AM |
#75 |
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the 401K is with the Principal Fund--you are allowed to choose between |
librechik |
Dec-26-09 11:38 AM |
#78 |
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Well that sucks. I guess I have been lucky and we need some 401K reform. |
Statistical |
Dec-26-09 12:07 PM |
#81 |
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URA = very good idea...and total control by the worker |
SoCalDem |
Dec-26-09 12:14 PM |
#83 |
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my employer is so broke they cut out the 1-1 contribution at the beginning of the crisis |
librechik |
Dec-26-09 12:15 PM |
#84 |
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My husband's company still matches up to 8% (with 4% for the boss) |
SoCalDem |
Dec-26-09 12:29 PM |
#86 |
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It had to appear better than sliced bread, to get MOST eligible people IN it. |
cyclezealot |
Dec-26-09 11:07 AM |
#74 |
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Most people had no real choice.. the company just "ended" pensions |
SoCalDem |
Dec-26-09 11:32 AM |
#76 |
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Why wouldn't you take free money |
Statistical |
Dec-26-09 11:52 AM |
#79 |
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Been reading the papers of late. |
cyclezealot |
Dec-26-09 01:25 PM |
#87 |
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Well in that instance I agree no reason to take 401K. |
Statistical |
Dec-26-09 01:32 PM |
#88 |
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It's all hypothetical... |
cyclezealot |
Dec-27-09 06:42 AM |
#101 |
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Video on how HCR will hurt Middle Class Workers: |
amborin |
Dec-26-09 01:55 PM |
#89 |
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Yeah, the Boomers are just poor, helpless victims...n/t |
JFN1 |
Dec-26-09 03:43 PM |
#95 |
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I'm still pissed off about Stock Options! |
johnaries |
Dec-27-09 01:17 AM |
#99 |
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i love my 401(k) |
backwoodsbob |
Dec-27-09 08:46 AM |
#102 |
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in theory, it's a good deal.. we are doing the max we can |
SoCalDem |
Dec-27-09 12:28 PM |
#107 |
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kick (already rec'd) |
amborin |
Dec-27-09 11:18 AM |
#104 |
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Remember Boomers being double-dinged for Social Security by Reagan in the '80's? |
omega minimo |
Dec-27-09 12:30 PM |
#108 |
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We were "told" that we were augmenting our grandparents' SS and PRE-PAYING |
SoCalDem |
Dec-27-09 12:33 PM |
#109 |
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OMG...SoCal...Armageddon for US! |
KoKo |
Dec-27-09 06:24 PM |
#111 |
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