|
Tractor Talk Discussion Board |
Re: Way OT: investments in 401K
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by Mysterion on August 02, 2004 at 07:06:12 from (69.179.21.81):
In Reply to: Re: Way OT: investments in 401K posted by Kurt (mi) on August 01, 2004 at 09:42:42:
While your "example" is way off, the world is full of people who would love to earn $33/hr. $66K/yr aint" bad for a part-time job. BTW, I hope you talk to an attorney about 401Ks. They are basically a fraud. The reason is that the Supremes ruled years ago that ALL the money in 401Ks (generally) belongs to the COMPANY (yes, even your contribution). There are now millions of people who retired thinking they were going going to spend the rest of their lives in semi-luxury many of whom now hand out shopping carts at Wally-World. How did this happen? Very simple. The company just uses the funds for their own purpose and then tells you to eat dirt when you come looking for it. Does the name Enron ring a bell? There are lots of other examples from Mom & Pops to Fortune 100 types and a good attorney should be up to date on this. Note that I"m not giving you legal advice here as there are differences in how 401Ks are set-up. But I will say this. Anybody who is foolish enough to depend on a 401K, social security, or Medicare/Medicaid for retirement is likley to be very disappointed. TheRealRon
Follow Ups:
Home
| Forums
Today's Featured Article -
Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
Copyright © 1997-2025 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
