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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Trinchero who wrote (56587)	11/4/2004 11:33:31 PM
From: Karen Lawrence	Respond to of 81568

Of course, I don't trust brokers, of whom I've known a number. Those people are incompetent at best, flat out liars usually.

To: Patricia Trinchero who wrote (56587)	11/5/2004 7:25:00 AM
From: tonto	Respond to of 81568

I don't know... My 401K plan has reasonable costs and people are indeed getting rich managing many of these plans. That is great. It will be able to support my retirement in a manner that I expect to live. SS is unable to contribute much to my retirement...it is grocery money...it could have been so much more... The biggest problem is that there is no fund that holds the money...........those that pay in support those that are collecting. TO start private accounts the money will be paid to brokerages and can't be used to pay the folks that are collecting. The cost will be huge and SS funds will dry up. Plus...........fees will have to be paid to advisors.......................people will be getting rich off this...................it's the beginning of the end of SS...................don't trust your broker now???????? well guess what will be happening to that money...........LOL,,,,,,,,,,,,,,what a bunch of dam fool suckers!!!