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View Diary: New IRS report confirms upcoming retirement crisis (95 comments)

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  •  After the crash and watching the aftermath (1+ / 0-)
    Recommended by:
    gjohnsit

    I will never send another dollar to wall street, 401k or not.
    The exchanges are essentially unregulated, the criminals are all still there.

    "Searches with nonspecific warrants were ‘the single immediate cause of the American Revolution.’” Justice Wm. Brennan, referring to the 4th Amendment

    by Nailbanger on Fri Sep 06, 2013 at 02:40:02 PM PDT

    •  a shame as (2+ / 0-)
      Recommended by:
      Nailbanger, White Buffalo

      the market has gone up something like 130% since it cratered. The last 5 years have been an excellent time ti be saving.

      •  Until it isn't (2+ / 0-)
        Recommended by:
        PsychoSavannah, gjohnsit

        The next crash, I am sure, has already been engineered.  With experience, any task becomes easier, and now it is known that there is no  risk of prosecution.
        401k's are a constant stream of poorly managed money arriving every two weeks, while the bankers laugh and laugh and laugh....

        "Searches with nonspecific warrants were ‘the single immediate cause of the American Revolution.’” Justice Wm. Brennan, referring to the 4th Amendment

        by Nailbanger on Fri Sep 06, 2013 at 02:55:45 PM PDT

        [ Parent ]

        •  If your 401(k) doesn't offer... (0+ / 0-)

          ...low cost funds and good investment opportunities, you should push your company to improve the plan.

          Or, if it's feasible, quit so you can put your money in a rollover IRA where you have better options and more control.

          I do agree that some, particularly small employer, 401(k) plans suck.

    •  Amen! (0+ / 0-)
      the criminals are all still there
      And its crazy to expect people to keep sending their money to Wall Street when we already know it is full of crooks.

      None are so hopelessly enslaved, as those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. -Johann von Goethe

      by gjohnsit on Fri Sep 06, 2013 at 04:50:51 PM PDT

      [ Parent ]

    •  The aftermath? (0+ / 0-)

      You mean the great investment opportunities after the crash?

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