General Discussion

reddread

(6,896 posts)

7. 401k's and savings accounts

Sun Feb 16, 2014, 09:40 AM

Feb 2014

both ripoff the taxpayer who hopes or intends to secure their future.
Is there anything that appreciates less than cash in hand?
We are so close to finding out what our aging and senior populations will ultimately face
in this Mean New World.
Wonder who will be profiting from their needs and suffering?
We are going to be a fifth world economy.
They just need to obscure the facts through 2016.

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The Crushingly Expensive Mistake Killing Your Retirement [View all] xchrom Feb 2014 OP

Nationalize Retirement. Right now, it's just set up to line the pockets of the 1%. nt onehandle Feb 2014 #1

0.99^40 = 0.66897175857 Fumesucker Feb 2014 #2

Apparently not enough damage was done Skidmore Feb 2014 #3

We pay those fees to "very responsible" people... or at least people who dress up like they are. ;) reformist2 Feb 2014 #4

Stock market is a Ponzi Scheme PowerToThePeople Feb 2014 #5

If you've been sitting at the poker table for an hour and don't know who the mark is.. Fumesucker Feb 2014 #6

We call em "fish" but yeah, pretty much tkmorris Feb 2014 #25

Dollar cost averaging and portfolio rebalancing exboyfil Feb 2014 #8

The owners do not keep you employed PowerToThePeople Feb 2014 #9

Well, you aren't right on several levels. dawg Feb 2014 #11

blah blah blah PowerToThePeople Feb 2014 #12

Apple pays 2.2% a year. dawg Feb 2014 #14

"But you can also use the market to beat them at their own game" PowerToThePeople Feb 2014 #15

Do you really think they are that much smarter than us? They aren't. dawg Feb 2014 #16

This message was self-deleted by its author PowerToThePeople Feb 2014 #17

Money begets Power begets more Money. And,... PowerToThePeople Feb 2014 #18

Ummmm....... The earth ISN'T a closed system.... Adrahil Feb 2014 #30

This is true PowerToThePeople Feb 2014 #32

eternal? no... but with technology and proper environmental conservation.... Adrahil Feb 2014 #39

Perhaps. Igel Feb 2014 #21

401k's and savings accounts reddread Feb 2014 #7

I started an IRA back in 1984, for several years doc03 Feb 2014 #10

The early '80s were good for setting up IRAs. Igel Feb 2014 #23

What's the compound interest on zero? tridim Feb 2014 #13

Excellent point. I was lucky enough to doc03 Feb 2014 #20

The Crushingly Expensive Mistake Killing Your Retirement MattSh Feb 2014 #19

Defined BENEFIT pension plans are the ONLY guarantee of a decent retirement, stocks are a casino. Fred Sanders Feb 2014 #22

Alas, defined benefit pension plans really aren't a guarantee of a decent retirement. TexasTowelie Feb 2014 #26

My dad retired back in 1974 with a DB pension of almost $300 doc03 Feb 2014 #28

Many defined pension benefit plans have COLA clauses, full inflation or something like 2/3 of Fred Sanders Feb 2014 #40

I didn't know any had a COLA, without one if you live doc03 Feb 2014 #45

Also if a defined benefit pension goes under we can't depend on the PBGC doc03 Feb 2014 #29

Absolutely, because workers never get screwed out of their pensions, hughee99 Feb 2014 #34

Pension funds may be managed in defined benefit plans by an elected, independent board Fred Sanders Feb 2014 #41

Stocks are a casino, and real estate investments are also no guarantee. hughee99 Feb 2014 #43

Lots of good info here. ctsnowman Feb 2014 #24

(1 - 0.01)^40 ~ 1 - 40*0.01 ~ 0.60 to first order eppur_se_muova Feb 2014 #27

Rule of 72 is very helpful and simple enough for the less mathematically inclined to get Egalitarian Thug Feb 2014 #31

I think this artical is missing a more critical issue... madinmaryland Feb 2014 #33

The same here for myself TexasTowelie Feb 2014 #35

401k's are a cruel joke on the middle class by the 1 percenters. Given there is no madinmaryland Feb 2014 #36

I knew that I became a expendable commodity when the personnel office was renamed to TexasTowelie Feb 2014 #37

You make a really good point, in that it is "luck" that you made money off of your "retirement" plan madinmaryland Feb 2014 #38

Our supervisors' newest evaluation form Nevernose Feb 2014 #42

I remember telling my 20 year old co-workers 20 years ago Jenoch Feb 2014 #44