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annabanana

(52,802 posts)

48. Yessiree! EVERYBODY into the wall street pool!

Reply to sarcasmo (Original post)

Thu Feb 16, 2012, 02:10 PM

Feb 2012

Worst move for the people since, jeez.. (hard to come up with the analogy this side of slavery)

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GM to move all salaried workers to 401K plans [View all] sarcasmo Feb 2012 OP

401K's suck n/t wilt the stilt Feb 2012 #1

I've never worked anywhere more than 6 years. If I didn't have a 401k I'd have no employer help dmallind Feb 2012 #6

Why? truebrit71 Feb 2012 #14

I'm old enough to remember that retirement funds used to be a sure thing me b zola Feb 2012 #31

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #62

They sure do. JDPriestly Feb 2012 #21

My 401k, and my wife's 401k, beg to differ. JoePhilly Feb 2012 #30

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #59

No Summary? JoePhilly Jun 2012 #64

They Don't Have To RobinA Feb 2012 #53

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #63

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #58

Chip, chip, chip ... TBF Feb 2012 #2

The purpose of the 401k is to make people believe that given enough time, they too will be a 1 %'r. harun Feb 2012 #3

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #60

DOOMED. 401Ks are a sham Bennyboy Feb 2012 #4

If it takes millions for each worker to retire, how are pensions viable? dmallind Feb 2012 #7

It takes 3 legs to the stool Sherman A1 Feb 2012 #25

Federal Government moved Civil Service to this for all workers who entered 24601 Feb 2012 #35

Most people retiring now are doing marybourg Feb 2012 #15

I'll add to that... socialindependocrat Feb 2012 #28

If the market crashes in the next 20, 30, 40 years HockeyMom Feb 2012 #16

Depends on what investments you put it in ... and how you manage them ... JoePhilly Feb 2012 #33

This is exactly what spartan61 Feb 2012 #5

Mitt Rmoney can come in and strip the plan naked and send it to his offshore accounts nt msongs Feb 2012 #8

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #61

the banksters are laughing as more & more are forced into their gulag casino (aka the rigged market) stockholmer Feb 2012 #9

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #65

Not enough information to say which is better, actually. Robb Feb 2012 #10

ERISA requires 5-year 100% vesting TahitiNut Feb 2012 #11

hey hi TN annabanana Feb 2012 #50

High! TahitiNut Feb 2012 #56

Forcing people into the stock market. earthside Feb 2012 #12

What are pensions invested in? nt Snake Alchemist Feb 2012 #17

Pension funds have a huge advantage when they invest because they are larger JDPriestly Feb 2012 #23

Several things wrong here Snake Alchemist Feb 2012 #26

I am utterly overwhelmed as a 401(K) investor. JDPriestly Feb 2012 #29

Not really. former9thward Feb 2012 #32

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #67

And if putting money in drives up the market, what happens when Boomers retire and are pulling out? ieoeja Feb 2012 #19

That is the part about our current recession that nobody wants to talk about. JDPriestly Feb 2012 #24

That's why they've walled them off from being "assets". PassingFair Feb 2012 #27

Some companies allow you to take out loans against your 401k. Incitatus Feb 2012 #52

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #66

The trick is................. Knight Hawk Feb 2012 #13

Very good comment. nt TBF Feb 2012 #54

pensions vs esop vs 401k airplaneman Feb 2012 #18

Ugh. The starting salaries have been reduced yup its me Feb 2012 #20

If employers sulphurdunn Feb 2012 #22

403b's SteveG Feb 2012 #36

That's the way 401-k's work Sgent Feb 2012 #47

FEERS sulphurdunn Feb 2012 #49

And how long before GM loots all those 401(k)s as other companies do? harrose Feb 2012 #34

How do they do that? hughee99 Feb 2012 #55

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #69

The pension as it was once known.. sendero Feb 2012 #37

there IS something you can do,(not political)-make informed investments aimed at wealth preservation stockholmer Feb 2012 #38

I agree.. sendero Feb 2012 #39

Gold is another scam. boppers Feb 2012 #40

can you eat or drink copper, nickel, or paper? ret5hd Feb 2012 #41

gold and silver have been stores of wealth for 6000 plus years, and the price they have vis-a-vis stockholmer Feb 2012 #42

Gold and Silver has been a mixed blessing for me. airplaneman Feb 2012 #44

mining stocks(especial the junior and mid-tier sectors) are a space I only venture into with serious stockholmer Feb 2012 #45

You are correct on gold. airplaneman Feb 2012 #51

"... at least you have some control over a 401K ..." SomeGuyInEagan Feb 2012 #43

Good. History has shown us that pensions are more risky and unsustainable than the stock market. cbdo2007 Feb 2012 #46

Yessiree! EVERYBODY into the wall street pool! annabanana Feb 2012 #48

Spam deleted by gkhouston (MIR Team) nobelaries Jun 2012 #68

GM Posted their HIGHEST PROFIT EVER in 2011. Fearless Feb 2012 #57