Comments on: Will Democrats Kill Your 401k?

By: paulbjaylee

paulbjaylee — Sun, 05 Jul 2009 18:31:48 +0000

Before writing 401k plans off as a failed experiment, I’d suggest that Tim Rutten get in touch with his facts and the reality of our times. There will be no return to the days where benevolent employers gave us our gold watch and lifetime pension. On the other hand, we now have the clout and the fidelity 401k ability to shape what our future will be. We are not at the mercy of financiers; we ARE the financiers.

By: lesteracoker

lesteracoker — Sun, 22 Mar 2009 01:36:26 +0000

Thank you for sharing this information.
Fidelity 401k

By: Karoli

Karoli — Sat, 15 Nov 2008 16:58:45 +0000

If Bush had gotten what he wanted, Social Security would be underfunded by at least 40 percent just like many 401k plans are today. I can see that there are many out there who really don't understand that a baseline benefit guarantee at retirement is valuable and good. But it is just the foundation upon which to build.

To be clear, the only ones saying there is any threat to the tax preferences given 401k plans are the Republicans, not the Democrats. You're being played for political points.

By: Janet

Janet — Sat, 15 Nov 2008 16:36:34 +0000

Then why not simply personalize social security as Bush wanted? You get what you paid in. Right now I pay and I will never see any of that money. I sure as hell am not going to give the government money that they then use for who knows what, like war against Iran or bailout for the auto industry. Nothing is safe with those people. What they should do is increase pre-tax dollars you can pay into a 401K, not abolish tax-free deductions. Because let this be clear: If they tax the money I put into my 401K it means a massive tax increase for me. I certainly would not have the incentive anymore to work 80+ hours/week and most certainly I would leave the country and work elsewhere.

By: Karoli

Karoli — Fri, 07 Nov 2008 18:22:19 +0000

They created it and regulate it. As a result, you get a tax break. Accept their involvement, it's inevitable.

By: Tim

Tim — Fri, 07 Nov 2008 18:16:39 +0000

The problem I have with this scheme is this, government isn't trustworthy. I don't care who's in the White House or who's running Congress.

Leave my 401K alone.

By: Karoli

Karoli — Fri, 31 Oct 2008 16:08:19 +0000

No, it's republican talking points.

By: Jay

Jay — Fri, 31 Oct 2008 15:44:17 +0000

AH MEN BROTHER!!!

By: Jay

Jay — Fri, 31 Oct 2008 15:42:36 +0000

That top 1% also pays 75% of the tax burden. By all means, let's penalize the people that supply the jobs and reward those who don't pay anything into the system. Who can Obama give 95% of the Amercan people a tax cut when 40% of them don't pay any taxes. Also it's interesting that the $ amount to qualify as a “RICH PERSON” seems to keep being lowered(From $250,000 a year to Biden stated $150,000. Some might want to let their campaign know that it's usually customary to start breaking your campign promises AFTER the election. I guess that's just OBAMATH.

By: Jay

Jay — Fri, 31 Oct 2008 15:23:12 +0000

Revel in the fact that there will be fewer employers who will have enough capital to hire new employees. Wen your cup is empty, how is there any thing that can possibly trickle up.