Off-Topic: I have read about the Proposal

Oak Mountain Lake Topics

(Oak Mountain Lake Specific)

0 messages

Updated

Off-Topic

Lakes Online Forum

84,091 messages

Updated 11/8/2024 10:28:12 AM

Boat Maintenance

Lakes Online Forum

5,204 messages

Updated 9/14/2024 10:10:50 AM

Oak Mountain Lake Fishing

(Oak Mountain Lake Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,172 messages

Updated 9/9/2024 5:04:44 PM

Sports

Lakes Online Forum

4,262 messages

Updated 11/6/2024 6:43:09 PM

Grilling & Recipes

Lakes Online Forum

2,979 messages

Updated 6/26/2024 5:03:03 AM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	Talullahhound -
	Subject:	I have read about the Proposal
	Date:	3/25/2010 3:22:59 PM

to allow people to transfer their 401K funds into gov't bonds. I'm sure that given the devastation that the market inflicted on some people's 401Ks, this may look like a good option. Personally, I wouldn't do it, but for some risk adverse people, it would give them some security.

I saw a poll the other day that a staggering percentage of people polled had less than $10,000 put away for retirement. So maybe requiring people to put money into a government fund for retirement may not be such a bad thing. They could be protected from a company going belly up and their retirement funds going with it. If it was mandatory and taken out of their pay directly, they wouldn't have a choice. I'm not saying that it's the ideal, but I'm saying that it might not be a bad option. Look at the number of people that have SS as their only retirement fund.

And you could be right that the funds could become "government" funds for them to tap into, just like SS. And that shouldn't be permitted.

You see MM, I like to turn these ideas around in my mind. I don't rush to judgement, and I certainly don't bust a gut about a mere proposal.