Tuesday, October 28, 2008

Do NOT Take my 401K!!!

The latest brainchild of some Democrats
in Congress...

How about we take over the Americans' 401k's
and make them have a starting value that they
would have had in August...before the market
losses. We will then guarantee 3%
on that money and give it back as a lump sum
upon retirement.

I don't think so!

I, for one, think that is a terrible idea!

I expect the value of (my/our) 401k to fluctuate.
This means that because we continue to contribute
during these lean times...we are buying shares at a
huge discount...we have time for the market to recover
before Warren will retire and we will do better than
3 percent!!!!!

I do not want the Government messing around with
my retirement plans!

No Way!

Don't you love how they have handled Social Security?

Want to trust them with your own private savings?

Not me!

No Thanks!



Mrs. Rabe said...

I agree!

Miss Paula said...

The government can butt out of a few other things too they want a hold of....less government is what I say!!!!

Ja Sto said...

I can't believe they would even think about that. Why don't they just take all of our money and tell us how to spend it while they are at it. It seems like that is where we are heading. If they try this stunt I am moving to another country.