The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/amen-have-you-read-about-the-latest-stupidies-10045956.aspx

Subject:  Re: Social Security Date:  10/24/1997  11:53 PM
Author:  oneplez Number:  527 of 75525

Amen!

Have you read about the latest stupidies being perpetrated on 401k's by their owners?

The story was in the WSJ and shown on Brokaw's news show. People are pulling funds out of 401k's as 'loans' and buying goodies like boats, trampolines, vacations and etc. When asked about their retirement future, one of the bozo's said she didn't have time to worry about the future or the future is now! For all the reason's you cited and the above I'm against privatizing SS.

But, as congress made up its mind that the COLA was being overstated, because a group of truth-challenged economists said so, and reduced the COLA. So now they are being told that SS privatization is good, because a group of truth-challenged accountants and brokers are telling them that, that is so, they will probably privatize SS. Then, what happens to those mentally challenged bozos whose future is now? Why congress will be told by a group of truth-challenged liberals that we must provide a governement Social Security program similar to that developed in the 1930's, for them!
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us