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<blockquote data-quote="bacha29" data-source="post: 2441734" data-attributes="member: 58386"><p>A pension reform plan made it all the way to Senate committee . Few of the specifics have been made public outside of the fact that employers big or small have to enroll their employees in an IRA. What difference will it make if the employee has no money to put in it?. 401K&#039;s mean nothing either if the employee has no discretionary money to put in it and or the employer doesn&#039;t contribute or match the employee contribution. As for Mr. Old &#039;I got mine the rest of you can go to hell&quot; Fart, he is so brainwashed and so entrenched in a bygone era that what he says is so irrelevant that only he believes that it is of importance. Not to mention that the numbers he&#039;s throwing out there simply do not add up.Indeed as was pointed out. Employers are waaing about SS for the simple reason that they don&#039;t want to contribute to it anymore.&nbsp; Privatizing SS was put forth by Bush in response to the pressure the Chamber of Commerce and other well funded groups put on him . The banks were going to make a killing in management fees essentially taking everything in the account and Wall Street was licking it chops waiting to sell people stocks and bonds that the short sellers and options traders would kill in order to line their own pockets. In all ended with the market collapse in 2008 which in one way was the best thing that could have happened because you don&#039;t hear anything these days about turning SS over to the private sector. Indeed 401K&#039;s can go down in value as easily as they can go up and employers can end their contributions whenever they want.</p></blockquote><p></p>

[QUOTE="bacha29, post: 2441734, member: 58386"] A pension reform plan made it all the way to Senate committee . Few of the specifics have been made public outside of the fact that employers big or small have to enroll their employees in an IRA. What difference will it make if the employee has no money to put in it?. 401K's mean nothing either if the employee has no discretionary money to put in it and or the employer doesn't contribute or match the employee contribution. As for Mr. Old 'I got mine the rest of you can go to hell" Fart, he is so brainwashed and so entrenched in a bygone era that what he says is so irrelevant that only he believes that it is of importance. Not to mention that the numbers he's throwing out there simply do not add up.Indeed as was pointed out. Employers are waaing about SS for the simple reason that they don't want to contribute to it anymore. Privatizing SS was put forth by Bush in response to the pressure the Chamber of Commerce and other well funded groups put on him . The banks were going to make a killing in management fees essentially taking everything in the account and Wall Street was licking it chops waiting to sell people stocks and bonds that the short sellers and options traders would kill in order to line their own pockets. In all ended with the market collapse in 2008 which in one way was the best thing that could have happened because you don't hear anything these days about turning SS over to the private sector. Indeed 401K's can go down in value as easily as they can go up and employers can end their contributions whenever they want. [/QUOTE]

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