Originally Posted by ebacon
Be careful. Remember that we are talking middle class Americans, not sophisticated investors.
And, therein lies the Achilles heel of the 401k plan. I love mine, but I know a lot of folks who don't even bother-----Because they either don't understand how it works, or they cannot afford to invest. It's great how we tell people the only way they'll ever be able to retire is if they save up for it.........then cripple their ability to do so through outsourcing jobs and wage suppression.
Oh, by the way, all of those "so(c)ialist" old age entitlements gotta go too, you useless old farts. I hear there's pretty good protection from rain under the freeway overpasses.