"wf3h" wrote in message
...
On Aug 13, 7:45 am, BAR wrote:
wf3h wrote:

ROFLMAO!! they only do that because congress authorized them to. and
because they've gutted pension plans. and, of course, they get a tax
write off for 401k's. and they just stole the money back so their
contributions are nil

and, no, i don't have more money. my financial advisor told me that if
i had put my money in my mattress since 2002, i'd be 20% ahead of
where i'm at now.

My financial adviser told me, when the DOW was at 6700, that I might
have to work a couple of extra years, until I was 60, before I retired.
But, he also said that this is a great time to buy. Just the other day
we, the wife and I, met with our financial adviser and we are back on
track for me to retire at 56 since the DOW is at 9300. Retiring at 56
has been my goal for the past 5 years so. When I do retire I will have
enough money to last until I and my wife reach 90 living at our current
standard of living.

great. unfortunately the rest of america has been treated by the
wealthy like we were a piggy bank. i've lost 40% of my 401K. and that
means working until i'm 65 or more. just to ensure the wealthy folks
could maintain their lifestyles.



And how much of that 60% of your 401k did you and your employer contribute?
Remember the employer contribution was just like getting that rate of return
on your money as well as the fact that you did not pay any tax on you
contribution. What is the rate of return on the money you contributed?