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O's 401k disaster ?
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<blockquote data-quote="av8torntn" data-source="post: 427259" data-attributes="member: 8259"><p>I'll take a stab at this. I believe it is because Obama really has not been a leader. He is more of a follower. His time in the Senate was primarily just a rubber stamp for the Democratic leadership. </p><p> </p><p>He did of course make a proposal to allow people to make a penalty free limited withdrawal from their 401k. I think this would be a bad move but I did hear a couple of women talking at a restaurant last night about how great it would be to be able to do this. Just goes to show no matter what some people want to buy high and sell low which is sort of a good thing for the rest of us. </p><p> </p><p>Just imagine if this proposal for government sponsored 401k's goes through we can just vote ourselves a higher return every four years. <img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /></p></blockquote><p></p>
[QUOTE="av8torntn, post: 427259, member: 8259"] I'll take a stab at this. I believe it is because Obama really has not been a leader. He is more of a follower. His time in the Senate was primarily just a rubber stamp for the Democratic leadership. He did of course make a proposal to allow people to make a penalty free limited withdrawal from their 401k. I think this would be a bad move but I did hear a couple of women talking at a restaurant last night about how great it would be to be able to do this. Just goes to show no matter what some people want to buy high and sell low which is sort of a good thing for the rest of us. Just imagine if this proposal for government sponsored 401k's goes through we can just vote ourselves a higher return every four years. :happy-very: [/QUOTE]
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