On Mon, 19 Apr 2010 18:00:38 -0700, "Bill McKee"
wrote:


"bpuharic" wrote in message
.. .
On Mon, 19 Apr 2010 13:15:22 -0700, "Bill McKee"
wrote:


100,000,000 americans are in the same boat as i am

goldmans sacks gets indicted for fraud

and he says it's the fault of the american middle class

yep. typical right wingers

401k is a subset of saving. The money your employer would have been putting
away for a pension, shows up in your paycheck now. And you buy your own
pension.

and companies USED to provide pensions. they don't any more.

Which I think is fabulous. As I liked startups and most would not
have been there long enough to vest a pension. You are buying your pension
with that money. Not saving money. Saving is living below your means and
taking part of your disposable income and putting it away for a rainy day or
even as an addition to pension money.

and where do you 'put it away' in a form that is protected, and rises
above inflation?


With your attitude about saving, you
would have been in deep **** if there was a hiccup at your work and you got
laid off. You could not live on your wife's income with your apptitued..

i've saved since 401Ks were created about 30 years ago

it was a waste of time. wall street thugs stole 40% of it. and that's
true for 100,000,000 other americans

along with the 8,000,000 who lost their jobs due to the financial
collapse