Just curious, How many of you have a 401k?

Discussion in 'Politics' started by KMAN, Mar 5, 2009.

  1. KMAN
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    KMAN Senior Member

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    Or is your retirement all in Social Security?

    If you do have a 401k how is it doing since Obama took over?
     
  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I have a TSP. I kept it all in the low risk G Fund and actually made 445 dollars last year! Many of my friends lost 25-40 per cent because they were invested in the riskier funds.
     
  3. xsited1
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    xsited1 Agent P

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    I do! Do I win a prize???

    When the Democrats took control of Congress in January 2007, I moved my money out of stocks. I'm doing just fine.
     
  4. sealybobo
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    sealybobo Diamond Member

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    My 401K got cut in half under Bush and because of the GOP, who serve the rich bankers and oil men who really own this country.

    Is that all Wallstreet has to do is crash the stock market and you'll turn the country over to them?

    "Money is Power", or shall we say, "The Monopoly to Create Credit Money and charge interest is Absolute Power". (Alex James)

    Amsel (Amschel) Bauer Mayer Rothschild, 1838:

    "Let me issue and control a Nation's money and I care not who makes its laws".

    Letter written from London by the Rothschilds to their New York agents introducing their banking method into America: "The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests."



    It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford

    "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." Thomas Jefferson - 1802 in a letter to then Secretary of the Treasury, Albert Gallatin

    "I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. ... corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."
    Abraham Lincoln - Nov. 21, 1864, letter to Col. William F. Elkins

    Democratic Underground - A few quotes om this from people that knew... - Democratic Underground
     
  5. KMAN
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    KMAN Senior Member

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    wow that sucks... My 401k practically doubled until January 2007...


    If Obama came out and said he was cutting corporate tax rates would stocks rebound some what?
     
  6. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    Somehow, through no wisdom on my part, I have not participated in the meltdown of the market. Through some incredible timing and a little sheer laziness, I rolled my ESOP and 401(k) funds into my IRA about this time last year and never invested them. I then sold all of the stock I was holding in that IRA in preparation for buying something, but I got too nervous before I did it and just held off. Eventually, I bought 6 month CDs with most of it, to wait it out. One of the CDs the bank failed within 3 months. I got my money back from the FDIC. The other one matured in January.

    My current 401(k), started last Feb., is up 6.75%. It was all in a bond fund. Sorry everyone is getting hammered. I learned my lesson in the Tech bubble.
     
  7. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    He'll cut the corporate tax rate right after he cuts his left testicle off with dull, rusty blade. So, get that fantasy out of your head.
     
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  8. Red Dawn
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    Red Dawn Senior Member

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    I have pension with a guaraneteed benefit that will pay me a guaranteed amount until the day I die. My Union fought for it, and obviously given current events a pension is better than a 401(k), given that we're in the throes of a second great republican depression.

    You republicans hate unions, pensions, and worker benefitts....and you love the freedom of the market and making workers place their money in the stock market. I hope your 401s recover, I honestly do. And I hope you'll rethink your hatred for unions, and rethink privitizing social security and putting your FICA in the stock market.

    I think I'll be fine with a pension and social security which wil pay me guaranteed benefit, unrelated to the stock market fluctuations.
     
  9. WillowTree
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    WillowTree Diamond Member

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    Smart smart move!
     
  10. WillowTree
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    WillowTree Diamond Member

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    Are you going to be able to work until you are 75?
     

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