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URL:  https://boards.fool.com/dear-all-the-discussion-by-everyone-about-this-17109625.aspx

Subject:  Re: 401(k) are a Fiasco? Rich and poor part ways Date:  4/23/2002  3:23 PM
Author:  ccurrie Number:  34312 of 103300

Dear all,

The discussion by everyone about this has been great -- however, I'm still not quite convinced by the pro-401K arguments.

One of these arguments seems to orbit around increased labor mobility, e.g., "We're making our job skills more and more portable, always keeping an eye on the job market, willing to jump from ship to ship if we think we'll get a better cruise over there." (see TamarianG's post: http://boards.fool.com/Message.asp?mid=17103637).

However, the following article suggests that this, rather than a benefit, is an additive negative factor contributing to the potentially problematic 401K culture and mindset -- see "Job hopping can fritter away Retirement Savings" by Eric Gillin:

http://www.thestreet.com/markets/ericgillin/10009403.html

more thoughts, discussion, comments?


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