A company my wife used to work for (she was an accountant there) didnt pay the investment company the monthly deposit of the employees. The company was 2 days late and the day after the due date the investment company called and said.....Ummmm....You have to deposit that money now. Because they are buying securities with the money, they want the commissions and dont want to default. This company has 500 employees there. A 401k is nice because there are safeguards in place to prevent a crooked owner, or his wife/partner from stealing a pile of money. If it was easy to steal 401k money you would hear of a lot more executives/business owners going to prison.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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