Comments on: Retirement report: Quarter of employers eliminate match to 401(k) plans

By: Anastasia Beaverhausen

Anastasia Beaverhausen — Mon, 22 Jun 2009 21:25:48 +0000

Unreal how narrow the focus of so many people – If you look at history, the 401K program was born out of a tax loophole for a minority of taxpayers – as corporations discovered the benefit of providing LESS benefits to it’s employees than a traditional pension plan; the 401K plan became the defacto standard for “self driven” retirement plans. Now that corporations are making less profit, they are now eliminating their contribution to the employee plans…making it truly a “self driven plan”. If anyone is to get angry about this – get angery at the level of corporate greed that exists in this country. Every coporate benefit has been either cut or retired completely. And we continue to compensate corporate leaders at a rate of 40tiems that of other countries!

By: The Truth

The Truth — Mon, 22 Jun 2009 21:18:45 +0000

Keep it real: I make plenty of money to satisfy my needs and wants. I have no credit card debt and money in the bank. Notwithstanding my income, I am sure I am in a better financial situation than most on this board.

By: keep it real

keep it real — Mon, 22 Jun 2009 21:00:29 +0000

Truth, I think what you don’t understand is that a large refund is not good. But the reality is that your income is low and you qualify for low income tax credits.

By: The Truth

The Truth — Mon, 22 Jun 2009 20:57:39 +0000

Hey Ya Big Dummy: Clark Howard would say it is much better to recieve the $4,000 and have it in the bank than have to come out of pocket and possible having a hard time payint the $4,000. I can see why this country is in such financial turmoil with all these people in credit card debt and having to pay the gov’t on top of that. Whew…I’m glad I can pay my bills and get some fun surprise money coming my way.

By: The Truth

The Truth — Mon, 22 Jun 2009 20:51:00 +0000

Wouldn’t you rather have a refund instead of having to pony up some unexpected cash every year? Why do you have to be so jealous? I’m debt free with savings in the bank. Don’t tell me I don’t know how to handle money. Wow…another hater.

By: Ya Big Dummy

Ya Big Dummy — Mon, 22 Jun 2009 20:49:15 +0000

The Truth- Check to see what Clark Howard says about giving the government an interst free $4000 loan. Geez.

By: Shanel

Shanel — Mon, 22 Jun 2009 20:42:23 +0000

The Truth: Sorry, that’s not logical thinking you have going on up there. You loaned your money out for free all year and you’re just happy as a clam to get it back interest free?… DON’T GO INTO BANKING!

By: The Truth

The Truth — Mon, 22 Jun 2009 20:34:50 +0000

@jct…So, you are telling me that if you found out you had a refund coming on April 15th you would not be happy becuase you overpaid the gov’t? You were happier staying flat or close to zero? Don’t tell me that you were hoping for a surprise refund, even a small one. OK, so I I overpaid the government and stumbled across an extra $4,000. It is a heck of a lot better than having to pay a bunch of money on April 15th. I see it as a forced savings plan.

By: Shanel

Shanel — Mon, 22 Jun 2009 20:27:55 +0000

Uh,Amy…you spelled ignorant wrong. You spelled except wrong as well.

By: jct

jct — Mon, 22 Jun 2009 20:23:38 +0000

@Truth…you are truly an idiot. THe goal should be zero. Why would you want to give the government a $4,000 interest free loan. I would rather pay a small amount. I know how to save money so I need to loan the government my hard earned dollars during the year.

Methinks, this is why our country is in trouble. Most folks don’t have a grasp of basic finance.