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Drop Out of Your 401k
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<blockquote data-quote="vantexan" data-source="post: 857539" data-attributes="member: 24302"><p>Just what I've been saying all along, that those many millions of 401k contributors who can only contribute minimal amounts due to low pay, and thus won't have a great retirement, could theoretically band together to insist on better pay and/or benefits by taking away their 401k contributions, the lifeblood of today's stock market. Move money in accounts out of the stock fund options into the bond fund or money market option. This is all academic, won't happen, but it sure touched a nerve with those who have substantial 401k accounts and don't want anyone to mess with the system. But this system is pushing people out of the middle class. Too bad for us I guess.</p></blockquote><p></p>
[QUOTE="vantexan, post: 857539, member: 24302"] Just what I've been saying all along, that those many millions of 401k contributors who can only contribute minimal amounts due to low pay, and thus won't have a great retirement, could theoretically band together to insist on better pay and/or benefits by taking away their 401k contributions, the lifeblood of today's stock market. Move money in accounts out of the stock fund options into the bond fund or money market option. This is all academic, won't happen, but it sure touched a nerve with those who have substantial 401k accounts and don't want anyone to mess with the system. But this system is pushing people out of the middle class. Too bad for us I guess. [/QUOTE]
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