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401ks Down The Tubes

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By scooby
Anonymously contributed:

401ks Down The Tubes One More Time . Can you say retirement at 72 is looking more realistic.

Article in the Modesto Bee

Comments

Anonymous said…
A few more months of this we'll finally get to witness the cost of living adjustment we've been due for with a single over night occurrence. No problem from my point of view. An economic adjustment had been due for a long, long time. So now I have one question. What if we did away with the stock market entirely and there was no place for people to gamble their life savings away? How much better off would you and the nation be? The real question is, after the crash will the American people have learned any lessons?
9/30/2008 4:47 AM
Anonymous said…
Get rid of the stock market? Oh, then do we start the collectivization of the farms and factories? That seemed to work out pretty well for the Russians alright.

Seriously, some people will always find a way to gamble. If they gamble with their own money, fair enough.
10/01/2008 6:56 PM
Anonymous said…
Stock market down again, week after week, after week. $810B buy-out for the rich, $648B for the war and $1.45 T for the dummies that live on credit. Still want to play? Dummies. I think I'll take the advise of a financial advisor who was on TV today. he said, " if you think you'll need your money in the next five years, get it out of the banks today".
10/06/2008 6:03 PM
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