The economic mess proves one thing, and that's those so-called 401(k) plans were not what they were all cracked up to be. They were being sold as a way to get rich quick, and never mind they were completely inferior to defined-benefit plans (traditional plans). The scheme was based on saving companies on pension costs, not on helping employees become secure in retirement.
It was a giant con. I have been saying this for probably 15 to 20 years these do-it-yourself plans were scams.
Midlife workers are coping with being screwed over on pensions.
Showing posts with label Mario Cocco. Show all posts
Showing posts with label Mario Cocco. Show all posts
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Crater Lake National Park Photos 1
Here are a few pictures I took at Crater Lake National Park in southern Oregon today, including a couple of them from the historic lodge:
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Golden Tempo has won the 152nd Kentucky Derby. Jose Ortiz is the jockey. It is his first Derby win. This race is historic, for the fir... -
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Napoleon Solo has won the 151st Preakness Stakes at Laurel Park. Iron Honor tried to make a bid at the homestretch, he couldn't quite c... -
Another victory for Golden Tempo as he has won this year's Belmont Stakes at Saratoga. Cherie Devaux has won a second leg of the Tripl...