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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: per strandberg who wrote (58598)8/25/1999 1:02:00 PM
From: Ilaine  Read Replies (1) of 86076
 
Per - Puzzling point about potential for envy if one retiree picked a better fund than another. Here in the U.S., as you are probably aware, companies with 401ks offer their employees a choice of funds, as well. For example, my husband works for the U.S. government, he has a choice of a stock fund that tracks the S&P500, a bond fund, and a money market fund, and can allocate between them in increments of 5%. I think the creation of 401ks and IRAs was the beginning of the current obsession with the stock market.
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