Reply #18: We have 4 different 401K funds

[bleedingheart]

and to be honest the returns haven't been so hot and it is still a risk. There is no guarantee with the market.

Let's say that Bush's plan goes through and then 30 years from now...

1. Joe Smith invests and makes money...he is very happy and retires fine.

2. John Smith invests but his funds suck and he ends up getting far less than he can actually retire on and now he has a heart problem that really requires he stop working...what does he do?

I can see far more class warfare in the future if the middle class gets the big "screwola" from the marketeers on Wall St.

Personally I believe in a diverse portfolio. I have a 401K, I have a pension, my husband has only his 401k no pension. We put cash in the bank, we are paying off our small home. We invest in bonds and have money in CD's... I prefer Social Security as it stands.