On Mon, 21 Mar 2005 13:02:52 GMT, "Jim," wrote:


OK divert everything -- now go find an insurance policy that will pay
you if you're disabled, pay your wife and kids if you die, be indexed to
inflation -- what do you think that would co$t you additionall


I already have a company paid policy that covers much of that. Any
additional coverage that I might need, based on my age and health will
not be all that bad. Certainly less than the interest I'll be getting
from the 401K over what I'd get from SS.

Dave

And should you get hurt, and no longer be able to work, you will have no
company plan

It's called "Long Term Disability". The company pays for a basic plan,
and I cough up additional deductions to make it cover me for life.


-- should the company go out of business, or simply fall on
hard times you will have a diminished or NO company plan.

Then I get another job, and start with a new plan.


*It's
happening today* read the newspaper. And let's see you find a policy
as stated above for the price of SS.

Life insurance is not that expensive. I'd still rather have my SS
money diverted into my 401K. As of now, had I had that option, 20
years ago, I'd be thinking about retiring at 55. The plan took a hit
in 2000, but overall, I've had double digit returns on my investment.

Dave