[Rhodes22-list] John Shulick - I draw a distiction

[Herb Parsons]

John,

Do you really think the government has done better with your retirement 
money than you would have done in a 401k? I doubt if there's any of the 
money left that you put in. It was spent. To pay for your retirement, 
they're going to have to hope that the next generation has enough to 
pay, and is willing to do so. The government has turned SS into the 
biggest ponzi scheme ever, we're just all to stubborn to admit it.


John Shulick wrote:
>
> Been telling people for a while now, (since '06) the stock market IS NOT 
> a savings account .... How many do you suppose took me seriously up 
> until about a year ago?? Ooops, too late.
>
> Rik,
>
>  Don't worry in Sept 07 I re-structured our 401k in anticipation of the
> deregulation meltdown and am down only 15% overall so I personally feel
> pretty good compared to the market. But I do find your words ironic in light
> of conservatives desire to eliminate Social Security for private accounts.
> (by the way weren't 401ks' and IRAs' the answer to the SS issue circa
> 1980s')
>
> sincerely,
>
> John Shulick
>
> "Notice to all employees, the beatings will continue until company morale
> improves. 
>  Thank you
>  the management"
>  
>
>
>   

-- 
Herb Parsons