Senator Rubio unveils proposal to reform retirement policy

[whell]

Originally Posted by Ike Bana

Most investment professionals my ass.

And in my opinion....

And that's all it is. Your opinion.

Investment guidance is never a "one-size-fits-all" proposition, and I never indicated that it was. However, for most folks who have access to a 401(k) plan, it will make sense for them to leverage that plan as part of their investment strategy. 'Nuf said.

[Ike Bana]

Originally Posted by whell

And that's all it is. Your opinion.

I think you mean "our" opinions, since that's what I suggested in my prior post...you have yours, I have mine. And even more so since the real fact is:

"Nothing exists except atoms and empty space, everything else is opinion." - Democritus

Originally Posted by whell

Investment guidance is never a "one-size-fits-all" proposition, and I never indicated that it was. However, for most folks who have access to a 401(k) plan, it will make sense for them to leverage that plan as part of their investment strategy. 'Nuf said.

Nuf said, because you said nuf said? Take a hike.

I never indicated it was a "one-size-fits-all" proposition.

If a 401K makes sense for somebody, that's fine. What makes sense to me is not forking over money to bloodsucking vampire banksters because I'm too lazy to do a couple of hours of work a year (that I oughta be doing even if I have a 401K anyway, to make sure I'm not being ripped off). You're the one who started acting like a fucking expert when I suggested that 401K's are not always what they're cracked up to be.

And it's so interesting that you just can't acknowledge that your $17,500 pre-tax max was wrong. Reckon the percentage of 401K investors who actually have enough income to get anywhere near the pre-tax 401K max? Reckon you can clue me in?

[whell]

Originally Posted by Ike Bana

Nuf said, because you said nuf said? Take a hike.

Thanks. I enjoy hiking. And biking, and jogging, etc.

Originally Posted by Ike Bana

And it's so interesting that you just can't acknowledge that your $17,500 pre-tax max was wrong. Reckon the percentage of 401K investors who actually have enough income to get anywhere near the pre-tax 401K max? Reckon you can clue me in?

If its wrong, then please take it up with the IRS.

http://www.irs.gov/Retirement-Plans/...ibution-Limits

Deferral limits for 401(k) plans

The limit on employee elective deferrals (for traditional and safe harbor plans) is:

$17,500 (in 2013 and 2014)

The $17,500 amount may be increased in future years for cost-of-living adjustments

Of course, that doesn't include CUP contributions for those that might be eligible.