We are almost at the top of the roller coaster. Hold on tight because the drop is coming soon. So they are saying 401(k) is no longer the way to go. Hmmmmm....
Commentary: Social Security healthier than your 401(k) - CNN.com: "The 2009 Social Security Trustees report released Tuesday provides a basis for assessing how each held up. On the one hand, assets in 401(k) accounts -- which are predominantly in stocks -- have declined in value by about a third, employers are suspending matching contributions, and millions of unemployed workers have seen their retirement savings efforts disrupted.
On the other hand, the Social Security Administration continues to send out monthly checks to 35 million retirees and their spouses, 9 million disabled workers and their families, and 6 million families whose breadwinner has died. In other words, the government system has proved to be much less fragile than the private system of retirement savings."
Guarenteed Retirement Account Bailout (G.R.A.B.)
Click Here to see the updated 2.0 version of the report.
Thursday, May 14, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment