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Strategies & Market Trends : Strictly: Drilling II
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To: TheBusDriver who wrote (19901)10/6/2002 6:28:25 PM
From: Little Joe  Read Replies (1) of 36161
 
Wayne:

I sympathize. My wife's 401 K effectively gives you two choices. Park your money at 1-2% or lose it at 10, 20, 30%, etc.

Tough choices. The company did away with their defined benefit plan to give employees control over their retirement and went to Fidelity for their 401 K. When I went to a meeting and asked why the choices were so limited, since you can buy nearly anything through Fidelty, the response was that they did not want to confuse their employees with too many choices. No wonder the company is losing money.

Little joe
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