Posted by Spook on November 20, 2008 at 18:05:01 from (75.45.77.21):
In Reply to: Bye-Bye Retirement! posted by dave2 on November 20, 2008 at 17:45:59:
I think the system is broken. 401K plans were never intended to replace pensions, companies just promoted that to avoid paying more money out to employees. The last financial planner I talked to was putting his money into real estate, even when he was trying to get me to invest in REIT's. Stupid. The wall street guys make money anyway. The AIG thing really gets me - selling insurance without the assets to back it up should be a felony, not a reason for a government bailout.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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