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Drop Out of Your 401k
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<blockquote data-quote="vantexan" data-source="post: 857067" data-attributes="member: 24302"><p>No doubt you are right. It's just ironic that employers are holding down pay and benefits to beef up profits to attract mutual funds who want the dividends shelled out from those profits. And the mutual fund companies who manage our 401k's are using OUR money to buy the stock. But we who are paid less and less won't be able to finance a decent retirement. Only those who make enough truly will, the rest of us will work into our late 60's. At least. And in their pursuit of higher profits many of us won't be able to afford the kind of home we'd like, and I'm not talking about a mansion. We're just supposed to be happy we have a job. Not the kind of country I grew up in, and those who cover for what's going on tend to have a stake in what's happening. The rest of us are apparently supposed to shut up and just take it. They've already turned this into a service economy, now they've set their sights on pay and benefits. What's next? It's just a matter of time before they get rid of Social Security. Think of the profits from not having to match our SS contributions. I've seen and heard alot of talk in the last few years from the Repubs about how bad SS is. And I'm not a Democrat. Interesting times we live in.</p></blockquote><p></p>
[QUOTE="vantexan, post: 857067, member: 24302"] No doubt you are right. It's just ironic that employers are holding down pay and benefits to beef up profits to attract mutual funds who want the dividends shelled out from those profits. And the mutual fund companies who manage our 401k's are using OUR money to buy the stock. But we who are paid less and less won't be able to finance a decent retirement. Only those who make enough truly will, the rest of us will work into our late 60's. At least. And in their pursuit of higher profits many of us won't be able to afford the kind of home we'd like, and I'm not talking about a mansion. We're just supposed to be happy we have a job. Not the kind of country I grew up in, and those who cover for what's going on tend to have a stake in what's happening. The rest of us are apparently supposed to shut up and just take it. They've already turned this into a service economy, now they've set their sights on pay and benefits. What's next? It's just a matter of time before they get rid of Social Security. Think of the profits from not having to match our SS contributions. I've seen and heard alot of talk in the last few years from the Repubs about how bad SS is. And I'm not a Democrat. Interesting times we live in. [/QUOTE]
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