401K?!
Under Obama you won’t have a 401K. You will have a gov’t IOU from the infamous SS Trust Fund.
I stopped my 401K contributions on Thursday. I figured I might as well stop throwing money in a bucket that hs no bottom. After Obama is voted out in 4 years I will resume my 401K if it still exists.
The sad thing here is that it’s reported as news. This should have been so blatantly obvious from the very beginning that no one with a policy of soaking the rich could get nominated on either ticket.
I think it goes without saying that we’re headed for some serious economic woes. Jimmy Carter redoux.
401(Keg) Plan
If you had bought $1,000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With MCI/Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Miller Genuine Draft (the beer, not the stock) one year ago, drunk all the beer then turned in the cans for the 10-cent deposit, you would have $214.00.
Based on the above, 401KegPlan.com current investment advice is to take that $5.00 you have left over drink lots and lots of beer and recycle !
I find it highly ironic that so many high-income voters supported Obama when many of them will be most harmed by his economic policies.
Bitch Slap!