To: Dog Gone
Ask anybody who has a 401K/403b plan and is near retirement what their biggest concerns are. There are a heck of a lot of boomers out there who are wondering how they are going to support themselves in the coming years. These are folks who were in their prime years during the Cold War and Vietnam, and probably also remember the Korean War and the Suez Crisis.
Do you think the media have not hyped terrorism to the degree they should have? Are the politicians not using 9/11 to their advantage? Grow up!
74 posted on
08/17/2002 6:22:08 PM PDT by
balls
To: balls
Grow up? Disagreeing with you is a sign of immaturity on my part? What kind of a debating tactic is that?
Yes, a lot of people have lost a lot of money in their retirement accounts--money that was based on phony baloney stock prices that soared under the Clinton Administration.
Now stock prices are down to where they should have been without the false accounting, or even a bit high, based on historical measures. So those accounts are down to what they would have been without the corporate BS under Clinton.
You want to blame this on Bush, and you think the war on terror is a phony exercise. You're entitled to your opinion, even if you're objectively wrong.
76 posted on
08/17/2002 6:30:51 PM PDT by
Dog Gone
To: balls
Do you think the media have not hyped terrorism to the degree they should have? "There's a bømbe for you, Mr. Balls. Did you expect one?"
80 posted on
08/17/2002 6:40:03 PM PDT by
Cachelot
To: balls
Ask anybody who has a 401K/403b plan and is near retirement what their biggest concerns are. There are a heck of a lot of boomers out there who are wondering how they are going to support themselves in the coming years. These are folks who were in their prime years during the Cold War and Vietnam, and probably also remember the Korean War and the Suez Crisis. Do you seriously think that the majority of investors with 401K type plans didn't have the foresight to adjust the balance of their investments as they neared retirement so that they wouldn't be heavily leaning towards riskier investments? Do you have any evidence of this epidemic besides, perhaps, anecdotes?
The reason I ask this is that virtually all 401K plans provide ample information on how to balance risk in a stock program. And nearly all offer a multitude of investment options, with the exception of the corporate contribution which is often required to be in company stock.
82 posted on
08/17/2002 6:43:22 PM PDT by
meyer
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