Pension reform bill - similar effects to the failed SS reforms

Quote from drsteph:

Here's some fun data on the lifestyle funds.

Note how "Nearly one-quarter of the 401(k) account balances of recently hired workers in their 20s are invested in such funds, according to a recent ICI report." No freaking surprise, since its been set up that way. Note the capital inflows on the order of $300 billion (almost all invested in equities, by the way)

http://biz.yahoo.com/cbsm/070808/202e88acf7964939a56b9d8d8587849b.html?.v=1&.pf=retirement

Financial engineering at its finest.
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Do you have a point? Its bad if people invest in 401Ks???
 
nice article...once again, another product being portrayed and sold on the backbone of stupidity/ignorance.

It's not a bad thing to invest in a 401K by any means...but, you should read up and have an idea/interest into where your money is going through said fund, not just throw it in the hands of someone else/your employer and let them run the show...sheesh, it IS your money after all...
 
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