It never was truly "ours." Taxes are merely deferred so that a savings might be realized upon withdrawal when it becomes taxable income but when the taxpayer is likely in a lower tax bracket.
Actually, that's true. But that makes this attempt to punish saving and investment all the more egregious. Leviathan wants a bigger slice than it would get when the individual comrade starts tapping into the account, and it wants it now.
What thinketh thou of this, bloggie, possibly leftist lies in our supposedly free market society?
Most Americans are unaware of the fees they are paying for their 401(k)’s, but over a lifetime, such charges can cost an ordinary American more than $109,000. Here’s how.
See more of this "eye-opener" at http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/
Watch the video if you will. It's a huge and disgusting, near-criminal rip off and a primary reason voters are quite wary of privatizing OASI. What happens when the market crashes again, and many prognosticators predict it will because it is a house of cards. You expect me to trust these suits given their past track record?
As in the case of health care, the problems highlighted in the show make an excellent argument for untethering retirement planning from one's place of employment.
What retirement program is less risky than mutual funds? What program exists that doesn't come with inherent risk?
The part where the lady says nothing was wrong with the circa-1970 system where an employee just got a pension plan from an employer and didn't have to worry his pretty little head about how it worked says everything about how the left views the individual. Leftist view the public as "the masses," too dense to hit their own backsides with a yardstick and therefore in need of a bureaucratic state to plan their lives.
The way to invest is to find an advisor whose integrity and willingness to make sure you understand what he's doing are readily apparent.
Government sure as hell has no role to play in it.
Pension? What's that? I never stayed in one place making widgets working for da man long enuff and my wife's former employer eliminated them back in the late 70s, when the big bad 401Ks became all the rage. Ask a HS classmate of mine who put in 30 years in the Navy and has been gallavanting all over the country in his RV since he retired at age 48.
It never was truly "ours." Taxes are merely deferred so that a savings might be realized upon withdrawal when it becomes taxable income but when the taxpayer is likely in a lower tax bracket.
ReplyDeleteActually, that's true. But that makes this attempt to punish saving and investment all the more egregious. Leviathan wants a bigger slice than it would get when the individual comrade starts tapping into the account, and it wants it now.
ReplyDeleteWhat thinketh thou of this, bloggie, possibly leftist lies in our supposedly free market society?
ReplyDeleteMost Americans are unaware of the fees they are paying for their 401(k)’s, but over a lifetime, such charges can cost an ordinary American more than $109,000. Here’s how.
See more of this "eye-opener" at http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/
Investment specialists are supposed to manage our funds for free?
ReplyDeleteWatch the video if you will. It's a huge and disgusting, near-criminal rip off and a primary reason voters are quite wary of privatizing OASI. What happens when the market crashes again, and many prognosticators predict it will because it is a house of cards. You expect me to trust these suits given their past track record?
ReplyDeleteAs in the case of health care, the problems highlighted in the show make an excellent argument for untethering retirement planning from one's place of employment.
ReplyDeleteWhat retirement program is less risky than mutual funds? What program exists that doesn't come with inherent risk?
The part where the lady says nothing was wrong with the circa-1970 system where an employee just got a pension plan from an employer and didn't have to worry his pretty little head about how it worked says everything about how the left views the individual. Leftist view the public as "the masses," too dense to hit their own backsides with a yardstick and therefore in need of a bureaucratic state to plan their lives.
The way to invest is to find an advisor whose integrity and willingness to make sure you understand what he's doing are readily apparent.
Government sure as hell has no role to play in it.
Pension? What's that? I never stayed in one place making widgets working for da man long enuff and my wife's former employer eliminated them back in the late 70s, when the big bad 401Ks became all the rage. Ask a HS classmate of mine who put in 30 years in the Navy and has been gallavanting all over the country in his RV since he retired at age 48.
ReplyDeleteYour destiny should be up to you.
ReplyDelete