Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

(73,751 posts)

6. not surprising as they were meant to benefit

Sun Jun 10, 2012, 01:56 PM

Jun 2012

wall street, not retirees.
and when we all start taking withdrawals at the same time......

Edit history

Please sign in to view edit histories.

0 members have recommended this reply (displayed in chronological order):

20 replies

= new reply since forum marked as read

Highlight:

The 401(k) System: Great for Wall Street, Bad for Retirees [View all] NNN0LHI Jun 2012 OP

This fraud is nothing new Cary Jun 2012 #1

Are you sure? Cary Jun 2012 #11

Are you also reading the SAI? Paulie Jun 2012 #14

I'm not reading the SAI because I'm not buying funds. Cary Jun 2012 #18

* and Cheney wanted to convert Social Security to a gian 401(k) account. no_hypocrisy Jun 2012 #2

Many people are gradually wising up to the way Wall Street is rigged Mairead Jun 2012 #3

K&R. Another fraud we were warned about over and over again. n/t Egalitarian Thug Jun 2012 #4

Could you use and extra $155,000 when you retire? KansDem Jun 2012 #5

not surprising as they were meant to benefit mopinko Jun 2012 #6

Yes, so many have dipped into their 401ks... CoffeeCat Jun 2012 #7

There is a 10% penalty for early withdrawal, not 30%. Common Sense Party Jun 2012 #10

All my money is tied up in mattresses. RagAss Jun 2012 #8

The methodology for this "study" is highy suspect. JoePhilly Jun 2012 #12

Finally. I've been saying this over and over and over. JDPriestly Jun 2012 #13

Yep, but try getting the money out of Wall Street now. shcrane71 Jun 2012 #15

This is all about interest alignment mick063 Jun 2012 #16

Yes, I do FreeJoe Jun 2012 #17

I remember looking into this many years ago. airplaneman Jun 2012 #20