Quote:
Originally Posted by pointman
You are seeing the light here, J. Something has to be done about these pensions that the taxpayers cannot afford nor can get in the private sector. They will bankrupt this country. As long as the Unions are in the politicians pockets (overwhelmingly Democracts) we are doomed.
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yeah, guaranteed pensions are a killer right now, with the current interest climate-and it's been bad for some time.
my biggest concerns about 401 k's are absolutely no guarantees, and the people working them for companies make HUGE money off them with the fees. that can be scary-some people are clueless about funds, and would be counting on money to be there...but if they screw it up, they won't have any money to retire with.
08-09-2012, 01:21 PM
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