Would Obama, Dems Kill 401(k) Plans?

Reader Comments
Back to blog

Incredible along with masterfully accomplished!! So good.

ain baby food steamer and processor of AL 3:17AM October 06, 2011

So now we need an additional retirement on top of Social Security because our representatives have stolen most of the money and then watered down whats left with false CPI numbers. We'll start a new system (while still paying into the old system), and what happens when our idiot congressmen get their hands on that? Will we start a 3rd system that they will then steal too?

Stupid is as stupid does of KS 8:16PM July 19, 2011

3% return over inflation? Based on who's inflation numbers? The 0% reported as CPI, or real inflation at 10%? If you go by CPI, this would be a guaranteed 7% loss of your money every year.

Angry Taxpayer of CA 8:14PM July 19, 2011

Sean Hanna, founder of 401kWire and MFWire as parts of InvestmentWires, is the talk of the town for his internship program. Each year he gives a newcomer a chance to make good with his newswires. Some say he is headed for a higher position: He did not lie to a recent intern that he would make him his 'second in command' after a four-hour lunch and then give that man the silent treatment as the man's lack of brainpower became apparent; he did not hold a big conference room meeting at which he told that intern that the intern could 'design his own job' and move up next to his office the next week. He did not postpone telling that intern--until the intern pushed for an answer--that last fall's conference wasn't taking in enough money to keep the intern on full time. And he did not cut that intern's three-month internship by nearly a week. Dignity, mercy, and courageous humanity are what Hanna is about. After Hanna had to break the bad news, he threw an in-office stand-up party with cake. Dignity and humanity. That's why there's talk of a higher position for him in NYC. He would not cut 401(k) plans. He stuck with that intern even when the intern's lack of brainpower became apparent. He could have cut him loose so that no mistakes would be made in the two deadline-a-day rush of the office. But he kind of like the guy and did his best by him. So, Hanna would not cut 401(k) plans. Heck, he wouldn't even have people without health insurance in this great country of ours, or mess with their living standards or Social Security.

Steve Homan of NY 6:56PM June 23, 2011

Black Obama -- a House Negro finding the Massuh's cash tin and robbing it.

JaySHelley of CA 9:32AM June 04, 2011

Black Obama's inflation and poor fiscal policies have forced us to deplete our retirement savings. Black Obama and his tax-and-spend henchmen will be pissing up a rope if they go after our 401K.

JayShelley of CA 9:30AM June 04, 2011

....."guaranteed retirement accounts for every worker" is a blatant lie. I have no doubt this will be used to also support every lackey who has no desire to work, but rather sit back and collect the dollars that the government is robbing from hard working people to give to their laziness. Also, as another continuing, illegal trend set by Congress, this measure will naturally exclude the members of Congress.

David of WV 9:53AM January 14, 2011

They should be stopping the Unions from blowing large amount on campaigns, then they would not have to come after my 401k.

jeff of PA 1:44PM November 01, 2010

$10000 at 3% compounded yearly $32,620.38 after 40 years
$10000 at 7% compounded yearly $149,744.58 after 40 years
$10000 at 3% yearly compounded monthly $33,151.49 after 40 years
$10000 at 7% yearly compounded monthly $163,114.11 after 40 years
details.

Russ Lemon of CA 6:27PM October 24, 2010

The Nobles will decide what you get regardless of what you earn. The King will take what he wants and shall do as he pleases. You must know your place and keep it or lose your head.
Prima Nocta will regin and all the good people shall be happy. All other can eat cake.

J. Roane of FL 4:45PM October 21, 2010