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Study: 401(k) Retirement Plans Failing Most Workers
CBS MoneyWatch ^
| Sep 6, 2013
| Constantine von Hoffman
Posted on 09/07/2013 6:39:30 PM PDT by Toddsterpatriot
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Imagine how much better they'd work if you could put your 12.4% Social Security "contribution" into your 401k.
To: 1rudeboy; Mase; expat_panama; Rusty0604; Jim 0216; xjcsa; VegasCowboy; 10Ring; Bishop_Malachi
2
posted on
09/07/2013 6:40:26 PM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
I think the goal is to do the reverse, steal all the 401K money and prop up social security.
To: Toddsterpatriot
Time to confiscate those evil 401(k)s.
4
posted on
09/07/2013 6:41:28 PM PDT
by
E. Pluribus Unum
(When your policy is to rob Peter to pay Paul, you can count on enthusiastic support from Paul.)
To: Toddsterpatriot
...wealth inequality.
I know exactly where this is going.
5
posted on
09/07/2013 6:42:23 PM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
To: Toddsterpatriot
BS
Most workers failing the 401k plans.
6
posted on
09/07/2013 6:42:26 PM PDT
by
CincyRichieRich
(“Life is hard, but it’s harder when you’re stupid.” John Wayne)
To: Toddsterpatriot
Just because higher earners are able to leverage more benefits from 401K’s does not mean pensions are better investment instruments than 401k’s for the average worker.
7
posted on
09/07/2013 6:44:04 PM PDT
by
Fzob
(In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
To: Vince Ferrer
Of course. Can't have a private solution that works much, much, much, much, much better than the government one.
I may have left out a much or ten.
8
posted on
09/07/2013 6:44:11 PM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Fzob
How’d those Delphi pensions do for the average worker?
9
posted on
09/07/2013 6:45:56 PM PDT
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
contradictory.
if the accounts are causing a measurable “wealth disparity,” then people are certainly saving enough money to help their retirements
since the article does not make any other sense, our “propaganda alarm” is emitting a high pitched warble /..
To: Toddsterpatriot
Great. First we get the scare tactics of how our 401(k)s are failing us. Next, we will be told how the government will do a much better job running our 401(k) investments than our current private investors. And next thing you know, our 401(k) funds will hold the same value as our current Social Security Trust Fund.
No thanks, keep your damn hands off my money. I'll decide what's best for me.
11
posted on
09/07/2013 6:50:02 PM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: Toddsterpatriot
Are we being setup for the grab?
12
posted on
09/07/2013 6:53:32 PM PDT
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will. They ALL have fairies livin' in their trees.)
To: Toddsterpatriot
Imagine how much better they'd work if you could put your 12.4% Social Security "contribution" into your 401k. What the hell are you trying to do? End the cycle of poverty in this country? Have people actually build up an inheritance that they can pass down to their family when they die? Don't be such a hater. Big Brother knows what's best.
13
posted on
09/07/2013 6:54:20 PM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: Toddsterpatriot
14
posted on
09/07/2013 6:57:20 PM PDT
by
PGalt
To: Toddsterpatriot
They should allow 401k plans, both employer provided and individual, the option of converting all funds to a regular savings account every 5 years. Remove the 10% early retirement penalty and offer a flat 15% tax rate and you’d see over 6 trillion in 401k balances convert providing a tax windfall for the government and a huge savings for retirees.
To: Vince Ferrer
Exactly. These are the arguments they use to nationalize private retirement accounts. Low income people can’t save so it’s not “fair” and possible stock losses are not as safe as letting the gov’t keep it for you and doling it out to you when they deem fit.
To: Toddsterpatriot
401s not making it? No kidding. NO growth in the economy, no return on investments.
Rate of return on stocks = inflation + dividend yield + GDP
To: Toddsterpatriot
Here it comes
We now are going to start hearing a lot more of these type of stories and “studies” in the coming months
18
posted on
09/07/2013 6:59:02 PM PDT
by
qam1
(There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
To: Toddsterpatriot
The 401k was a great thing. The problem is convincing younger workers to utilize it to the max and not borrow against it.
19
posted on
09/07/2013 7:06:31 PM PDT
by
Lurkina.n.Learnin
(If global warming exists I hope it is strong enough to reverse the Big Government snowball)
To: Hoodat
Exactly this is the setup to seize these accounts for a broke gov.
20
posted on
09/07/2013 7:08:45 PM PDT
by
sarge83
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