To: Chi-townChief
And I'm very concerned that my 401k will be the place those who didn't save will want to get their retirement income from.That WILL happen as social security will be means tested and you will be penalized for saving (and counting on social security).
17 posted on
11/28/2006 10:30:13 AM PST by
rhombus
To: rhombus
That WILL happen as social security will be means tested and you will be penalized for saving (and counting on social security).
You hit the bullseye dead on......no doubt about it....
It's like saving for your kids college education....those who didn't save, and used the money to live a more extravagant life style are given more financial aide when compared to those who saved and have the same household income....
Completely unjustified....penalize those who take the responsible action of being accountable to themselves....
As for the wife and I, I seriously doubt we will get any money from SSN when we retire 20-25 years from now....
That's why I live in a 3 bedroom ranch and drive a 12 year old car...oh how I loathe those who have the live for today attitude...because I know I am paying for it...
59 posted on
11/28/2006 11:36:53 AM PST by
PigRigger
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