Comments on: George Miller, Teresa Ghilarducci and the End of Your 401k.

By: Will The Roth IRA Remain Tax Free? | Simple Debt-Free Finance

Will The Roth IRA Remain Tax Free? | Simple Debt-Free Finance — Thu, 30 Apr 2009 11:22:24 +0000

[...] exists that we will not only see increased tax rates, but also an increase of new taxes. Already, politicians have targeted the 401(k) plan. One of their criticism of the plan is the money the Government misses out on while workers funds [...]

By: Fixing what isn't broken. (Fixing the 401k) | Simple Debt-Free Finance

Fixing what isn't broken. (Fixing the 401k) | Simple Debt-Free Finance — Mon, 02 Mar 2009 20:00:45 +0000

[...] fact, much of the article seems geared toward pushing the Ghilarducci plan that I wrote about here. In that plan, workers would forfeit the opportunity to earn higher returns on their retirement [...]

By: How NOT to fix the 401(k). | Simple Debt-Free Finance

How NOT to fix the 401(k). | Simple Debt-Free Finance — Thu, 29 Jan 2009 12:53:26 +0000

[...] the worker with a 3% return on his money, instead of the market return of a 401(k) plan. You can read more on why this plan should never see the light of day here. addthis_url = 'http%3A%2F%2Fsimpledebtfreefinance.com%2Fhow-not-to-fix-the-401k%2F'; addthis_title [...]

By: The Conservatives In Exile Club - Page 41 - Offtopicz

The Conservatives In Exile Club - Page 41 - Offtopicz — Thu, 22 Jan 2009 23:09:15 +0000

[...] into the SS pool. Damn I hate to be a cynic and skeptic but I have seen how they do this shit. George Miller, Teresa Ghilarducci and the End of Your 401k. | Simple Debt-Free Finance [...]

By: Heidi

Heidi — Fri, 12 Dec 2008 21:08:14 +0000

You are so completely right. I find it particularly frustrating to be on the younger half of this mess. The most recent estimate I found for when I will be able to draw from social security was age 75. Yet, that extra 6.5% (or 13% if I include my employers contribution) would really help my own 401K. All these fixes they keep coming up with is just delaying the problem and usually makes it worse.

By: Controlling Panic Attacks

Controlling Panic Attacks — Tue, 09 Dec 2008 09:21:57 +0000

I think you're right when you say she's crazy. The more times money gets trasfered around from one government agency to another the less there is when it reaches its final destination. She also wants people who've lost huge sums in the market to get their money back from the government. That sounds great exept where does the government get its money from? Taxes! The government would either have to raise taxes or go further into debt. I don't think I like either of those options.

By: Mike Bonacorsi

Mike Bonacorsi — Mon, 08 Dec 2008 15:17:37 +0000

I agree, the main problem of the effectiveness of the 401K comes from a lack of investor education and an understanding of how to make these work. Mike Bonacorsi, author Retirement Readiness