tag:blogger.com,1999:blog-2569971501728849222.post3306490475597635279..comments2023-10-29T03:55:21.701-07:00Comments on Staying Alive: IS YOUR RETIREMENT BEING STOLEN?Staying Alivehttp://www.blogger.com/profile/12833293437407206880noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2569971501728849222.post-8744821150146551242008-07-30T21:18:00.000-07:002008-07-30T21:18:00.000-07:00There's nothing wrong with 401k's for retirement. ...There's nothing wrong with 401k's for retirement. Money is taken out of each paycheck and placed in your 401k into mutual funds, money markets, bonds, etc that *you* selected. If *you* selected mutual funds that went south and lost money then the blame really lies with you. That happened to me too. Over the last two years, I put in about $31,000 into a 401k and now it's worth about $28,000. I'd be down more except that I did put some of the money into bonds and money market funds which while providing a low rate of return didn't lose money (except for inflation of course).<BR/><BR/>A 401k is no different than any other type of brokerage account. I have a couple of those and I have lost *any* money in them only because I sold all my stock and mutual funds some time ago. My money is sitting in money market funds which until Feb or so were yielding 5%. I was pulling in about $900 a month in interest with no risk. Now the money markets yield is about 2% and I'm only earning $400 or so a month in interest.Mockumhttps://www.blogger.com/profile/15984340097629569028noreply@blogger.comtag:blogger.com,1999:blog-2569971501728849222.post-79287907454805085532008-07-30T04:41:00.000-07:002008-07-30T04:41:00.000-07:00Ah, now if only they had been successful in privat...Ah, now if only they had been successful in privatizing Social Security, then they could have stolen all that money, and all your future contributions as well. As was the plan all along.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2569971501728849222.post-52956030065232910362008-07-30T00:41:00.000-07:002008-07-30T00:41:00.000-07:00With ever increasing prices, even the regular infl...With ever increasing prices, even the regular inflation adjusted increases to Social Security are not going to be enough to get people through hard times, especially when they don't consider food and fuel prices part of inflation!<BR/><BR/>RWriverwalkerhttps://www.blogger.com/profile/01575212890278793911noreply@blogger.comtag:blogger.com,1999:blog-2569971501728849222.post-53891991386015197182008-07-29T23:36:00.000-07:002008-07-29T23:36:00.000-07:00Federal government is looking at a 452 billion dol...Federal government is looking at a 452 billion dollar deficit, 9 trillion trade deficit.. Their answer ? PRINT MORE!!! As I stated on another blog maybe when we are paying 200 billion dollars for a case of 24 eggs we might get the picture...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2569971501728849222.post-82243160179081049412008-07-29T13:03:00.000-07:002008-07-29T13:03:00.000-07:00I think that might have been the plan all along.I think that might have been the plan all along.BigBearhttps://www.blogger.com/profile/11552206865163220761noreply@blogger.com