To: B. A. Conservative
A sucker born every minute. The 401(k) scam.
Hey buddy, give me 15% of your paycheck. In 30 years I'll give you a million dollars. ok?
Oh you want your money now? Well you will have to pay a penalty and outragous taxes.
SCAM SCAM SCAM!!!!
3 posted on
04/10/2002 7:47:24 AM PDT by
CJ Wolf
To: CJ Wolf
Social Security takes 15.3% of your paycheck (up to the Wage Base) and gives you a magnificent rate of return of maybe 2%. It's probably the worst deal, compared to corporate defined benefit and defined contribution plans.
8 posted on
04/10/2002 8:36:27 AM PDT by
Tymesup
To: CJ Wolf
A sucker born every minute. The 401(k) scam. Hey buddy, give me 15% of your paycheck. In 30 years I'll give you a million dollars. ok? Oh you want your money now? Well you will have to pay a penalty and outragous taxes. SCAM SCAM SCAM!!!!If you come to us in thirty years with your tin cup held out, plaintively begging for your rent, I will tell you very politely to go away.
To: CJ Wolf
had to look this up in these uncertain times. lol
35 posted on
02/05/2009 1:15:24 PM PST by
CJ Wolf
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