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!
Nada!