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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (59821)	1/10/2010 12:13:31 AM
From: TobagoJack	5 Recommendations Read Replies (2) \| Respond to of 217835

i am 100% certain that obama has much more and more unpleasant surprises for the people and by the people after obama more of the same by yet another wastrel for that is how empires unwind and kingdoms relax

To: energyplay who wrote (59821)	1/10/2010 1:23:36 PM
From: KyrosL	3 Recommendations Read Replies (3) \| Respond to of 217835

I don't see it as a grab of any kind. This is not for existing 401Ks. It is for employers that don't offer 401Ks to their employees. The government basically says that these employees, most of who keep their savings in 1% savings accounts, can have a tax sheltered 401K after all, sponsored by the government with Treasury type returns, which may be low now, but are historically better than savings accounts. And, if we follow the Japanese path, may turn out to be better than lots of other alternative investments.