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To: B. A. Conservative
A sucker born every minute. The 401(k) scam.

Hey buddy, give me 15% of your paycheck. In 30 years I'll give you a million dollars. ok?

Oh you want your money now? Well you will have to pay a penalty and outragous taxes.

SCAM SCAM SCAM!!!!

3 posted on 04/10/2002 7:47:24 AM PDT by CJ Wolf
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To: CJ Wolf
Social Security takes 15.3% of your paycheck (up to the Wage Base) and gives you a magnificent rate of return of maybe 2%. It's probably the worst deal, compared to corporate defined benefit and defined contribution plans.
8 posted on 04/10/2002 8:36:27 AM PDT by Tymesup
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To: CJ Wolf
A sucker born every minute. The 401(k) scam. Hey buddy, give me 15% of your paycheck. In 30 years I'll give you a million dollars. ok? Oh you want your money now? Well you will have to pay a penalty and outragous taxes. SCAM SCAM SCAM!!!!

If you come to us in thirty years with your tin cup held out, plaintively begging for your rent, I will tell you very politely to go away.

19 posted on 04/10/2002 9:46:38 AM PDT by Lazamataz
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To: CJ Wolf

had to look this up in these uncertain times. lol


35 posted on 02/05/2009 1:15:24 PM PST by CJ Wolf
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