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Subject:  Re: 401(k) are a Fiasco? Rich and poor part ways Date:  4/18/2002  3:23 PM
Author:  jedenison Number:  34256 of 103822

During the 80's there were several major pension funds that went bankrupt due to poor investment. The federal government had to set up a pension security system. Now the gov't has to fund fixed plans whent he companies go belly up.

If you are not actively taking part in your life and have choosen to let someone else lead it for you the gaurenteed pension plans are great. I would rather succede or fail on my own. give me the tools and I will do as much for myself as I can.
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