it's time to abolish 401k plans

Emily_Haines · 06-07-12, 08:32 AM

article didn't even mention the rigged market

you really stand no chance

Thunder Gulch · 06-07-12, 10:38 AM

Typical commentary. Complain about the shortcomings of a current system, but offer no solution. Bottom line is that without 401k, those people would likely save nothing, and its not as if Social Security is in any better position to help people retire. The people with low balances need to be responsible for contributing to their savings, but that newly financed Escalade is more important than deferring some money for your future.

nate turner · 06-07-12, 11:52 AM

Originally posted by Thunder Gulch

Typical commentary. Complain about the shortcomings of a current system, but offer no solution. Bottom line is that without 401k, those people would likely save nothing, and its not as if Social Security is in any better position to help people retire. The people with low balances need to be responsible for contributing to their savings, but that newly financed Escalade is more important than deferring some money for your future.

you must be one of these bloodsucker(ashkenazi).save your own money stop putting money in 401k plans(my opinion ) lest you understand how to trade for yourself.

example: if you make 25,000 after taxes say it takes 15k a year to run your house save the other 10k a year
after 40 years you have 400k in saving plus your social security(if the bloodsuckers have not taken that also)

stop letting the bloodsuckers control your money.look also to take your money and leave this mutt country.look to live elsewhere like i'm going to do in the near future.this country is finish and i will not be around to see its complete end,there are 192 countries out here go find one.at the end of the article the man did say he will give solutions in the future.

to the righteous .........peace be unto(upon) you

to the wicked .............fire

Thunder Gulch · 06-08-12, 12:45 PM

Do you understand the tax advantages of a 401k? If you are ignoring the impact of that (unless you really only make $25k, in which case you don't have to pay taxes) then you are missing a major reason for funding a 401k. Yes you can self administer an IRA, but at the end of the day a few basis points compared to the 28% tax bracket is a small price to pay to have somebody take care of it for you.

Easy-Rider 66 · 06-08-12, 03:07 PM

Originally posted by Thunder Gulch

Do you understand the tax advantages of a 401k? If you are ignoring the impact of that (unless you really only make $25k, in which case you don't have to pay taxes) then you are missing a major reason for funding a 401k. Yes you can self administer an IRA, but at the end of the day a few basis points compared to the 28% tax bracket is a small price to pay to have somebody take care of it for you.

Do you really think the OP is going to logically debate you on this issue? IMO the OP is motivated by Hate, and what he sees as the injustices by the Evil Doers of this World.

nate turner · 06-08-12, 04:58 PM

Originally posted by Easy-Rider 66

Do you really think the OP is going to logically debate you on this issue? IMO the OP is motivated by Hate, and what he sees as the injustices by the Evil Doers of this World.

only hate is you ashkenazi,hate is all over this site,only you as a former cave dweller do you see it with my post.if you have nothing to add to the point of the thread, move along SLAVE NOTHING TO SEE HERE.

to the righteous................peace unto(upon) you

to the wicked and mischief makers.................................. ...... burn

meader99 · 06-10-12, 02:36 PM

Originally posted by Thunder Gulch

Do you understand the tax advantages of a 401k? If you are ignoring the impact of that (unless you really only make $25k, in which case you don't have to pay taxes) then you are missing a major reason for funding a 401k. Yes you can self administer an IRA, but at the end of the day a few basis points compared to the 28% tax bracket is a small price to pay to have somebody take care of it for you.

Yes sir, everything going into the 401k doesn't get pre-taxed. Add that to the compounding interest and the $10,000 a year for 40 years looks like chump change.

nate turner · 06-10-12, 02:52 PM

Originally posted by meader99

Yes sir, everything going into the 401k doesn't get pre-taxed. Add that to the compounding interest and the $10,000 a year for 40 years looks like chump change.

ok trust the ashkenazi with your money ,pre tax after tax before tax no tax,sounds good until you wake up one day and your pre tax is gone............... SLAVE

to the righteous............................... ...peace be unto(upon) you

to the stupid.................................. ....keep investing in the stock market

nate turner · 06-10-12, 03:02 PM

i rather save my money live a basic life,then trust a blood sucker with what i worked hard for.read the article and i will post other article as i receive them.

to the righteous......................peace be unto you

nate turner · 06-11-12, 08:03 AM

google(ENRON 401K PLANS) ask the people who worked at enron how did that 401k plan work out for them.
ok here lazy slaves.... http://money.cnn.com/2001/11/26/401k/q_retire_enron_re/..... i will give you the story,notice how you find a small amount of stories on the net that are negative towards 401k.look slaves just trying to make you think,if you like 401k by all means get into it.i think

to the righteous............................... ....peace be unto you

Thunder Gulch · 06-12-12, 01:22 PM

Originally posted by nate turner

google(ENRON 401K PLANS) ask the people who worked at enron how did that 401k plan work out for them.
ok here lazy slaves.... http://money.cnn.com/2001/11/26/401k/q_retire_enron_re/..... i will give you the story,notice how you find a small amount of stories on the net that are negative towards 401k.look slaves just trying to make you think,if you like 401k by all means get into it.i think

to the righteous............................... ....peace be unto you

It wasn't the 401 vehicle that hurt Enron employees, it was their blind faith in a crook who convinced them to put all their eggs into one basket. Diversify and you greatly reduce the risk of something catastrophic happening. If you put it in an index fund (look it up) the management fees are minimal and the returns should beat fixed income investments. Nothing is guaranteed, but if a Dow indexed fund goes to zero, we have bigger problems than your 401k.

nate turner · 06-12-12, 08:54 PM

A Proposal to Fix the Broken 401(k) Plan System

http://www.huffingtonpost.com/dan-solin/401k-plans_b_1580260.html?utm_hp_ref=business

Recent regulations by the Department of Labor requiring more transparency in fee disclosures will put a band-aid on a massive hemorrhage. We need to cure the disease and not just identify the symptoms.

told you slaves i would post his solution,so here it is.i do not agree with this replace large fees with smaller fees,no thank you.
live within your means and save your money,then exit this country.find a place were you can take your money and live with a better quality of life.

to the righteous............................... ............................peace and blessings