Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (327524)	2/26/2007 8:50:08 PM
From: TimF	Read Replies (1) \| Respond to of 1588373

When you contribute to your 401K, it's on the promise that you will be able to withdraw those funds at a later date. Its more than just a promise. The funds are my property. They have legal restrictions, but they belong to me. If the company goes under, what happens? Do you "own" those funds? If my house burnt up, and then global warming raised sea levels by 200 meters and my house was under water, would I own the house. Ownership doesn't mean that the property can't be destroyed. My car could be totaled, my cash could be stolen or destroyed. Our theories on stellar evolution could be wrong and the sun could go nova tomorrow. None of which means I don't own my property. If I deposit money in trust for you, and the trust is in your name, and is irrevocable you could be said to own the money. If I tell you "don't worry John, I'll fund your retirement", then you don't own the funds even if you do trust me, even if I have the capability and intention of paying for your retirement.