A company my wife used to work for (she was an accountant there) didnt pay the investment company the monthly deposit of the employees. The company was 2 days late and the day after the due date the investment company called and said.....Ummmm....You have to deposit that money now. Because they are buying securities with the money, they want the commissions and dont want to default. This company has 500 employees there. A 401k is nice because there are safeguards in place to prevent a crooked owner, or his wife/partner from stealing a pile of money. If it was easy to steal 401k money you would hear of a lot more executives/business owners going to prison.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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