Someone has to go on her show and challenge her on the insanity she spews. I think she is dead wrong on the 401K system in particular.
This thing was put into place 20 years ago and started of with the tech bubble and we saw year after year with double digit returns and the unrealistic expectations of massive accumulation of easy money. It seemed the 401(k) would be a perpetual wealth machine for each and every member of the great American middle class.”
Once you have money in there you can't get it out. And even then you are faced with daunting penalties. No professional trader would ever put his life savings somewhere that he couldn't cash out when he needed to.
Also most people think that they get this money tax free when they hit 59.5 or retire. WRONG! It is taxed just as any regular income and you probably wont have any deductions. You will be lucky to get 55% of the money you put away.
With the massive debt in this country are people really stupid enough to think that with 2-3 trillion sitting in 401K's, pensions and other retirement accounts that their is not going to be massive taxes increases on this money?
As these baby boomers retire they will be liquidating stocks putting even more strain on stocks and mutual funds.
Run away inflation can turn your next egg into a pile of
Who says that you even go to live to the age when you can retire. LIVE FOR TODAY NOT TOMORROW!
