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Politics : Formerly About Advanced Micro Devices
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To: neolib who wrote (215372)1/19/2005 3:24:04 AM
From: Tenchusatsu  Read Replies (1) of 1573708
 
Neolib, Forget owing yourself the money, you own the Corvette. The 401K and the Corvette are both assets.

What if Tim took all the money out of his 401k and spent it on his father's health care (which is essentially what SS ends up doing anyway)? Will Tim be assured of his own retirement because he promises to pay himself back with interest?

Of course, there is a big difference between Tim and the federal government. Tim can't force his employer to raise his salary.

Tenchusatsu
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