Any "Latest & Greatest" about Delta?
11-19-2010 | 07:35 PM
Gets Weekends Off
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11-19-2010 | 08:38 PM
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11-19-2010 | 09:00 PM
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From: Permanently scarred
Errrrrrr.....
http://www.investmentnews.com/article/20081007/REG/810079894
With savings rates going down, “what do we have to start to think about in Congress of whether or not we want to continue and invest that $80 billion for a policy that is not generating what we … say it should?” Mr. Miller said.
Congress should let workers trade their 401(k) assets for guaranteed retirement accounts made up of government bonds, suggested Teresa Ghilarducci, an economics professor at The New School for Social Research in New York.
When workers collected Social Security, the guaranteed retirement account would pay an inflation-adjusted annuity under her plan.
“The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks,” which goes to the highest-income earners, Ms. Ghilarducci said.
That simply results in transferring money from taxed savings accounts to untaxed accounts, she said.
“If we implement automatic [individual retirement accounts] or if we expand the 401(k) system, all we’re doing is adding to this inefficiency,” Ms. Ghilarducci said.
Targeting Your 401(k) - WSJ.com
The main liberal objection to 401(k)s seems to be that they let average Americans control their own investment decisions for retirement. As Shlomo Benartzi, a professor at UCLA's Anderson business school, told Mr. Miller's committee, "Individuals have a tendency to buy at the peak, and then panic when the markets drop and sell at the bottom." Better to have the government do this instead.
With savings rates going down, “what do we have to start to think about in Congress of whether or not we want to continue and invest that $80 billion for a policy that is not generating what we … say it should?” Mr. Miller said.
Congress should let workers trade their 401(k) assets for guaranteed retirement accounts made up of government bonds, suggested Teresa Ghilarducci, an economics professor at The New School for Social Research in New York.
When workers collected Social Security, the guaranteed retirement account would pay an inflation-adjusted annuity under her plan.
“The way the government now encourages 401(k) plans is to spend $80 billion in tax breaks,” which goes to the highest-income earners, Ms. Ghilarducci said.
That simply results in transferring money from taxed savings accounts to untaxed accounts, she said.
“If we implement automatic [individual retirement accounts] or if we expand the 401(k) system, all we’re doing is adding to this inefficiency,” Ms. Ghilarducci said.
Targeting Your 401(k) - WSJ.com
The main liberal objection to 401(k)s seems to be that they let average Americans control their own investment decisions for retirement. As Shlomo Benartzi, a professor at UCLA's Anderson business school, told Mr. Miller's committee, "Individuals have a tendency to buy at the peak, and then panic when the markets drop and sell at the bottom." Better to have the government do this instead.
11-19-2010 | 09:23 PM
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From: 747-400 Captain
I'm still working on the place. I got a lot of things on order...credit problems you know.
Carl
11-19-2010 | 09:26 PM
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From: 747-400 Captain
Carl
11-19-2010 | 09:29 PM
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From: 747-400 Captain
Megyn Kelly fans... she's on the cover of GQ... i could post the picture but I'll give you the link...
This Is Not Your Grandmother’s Megyn Kelly -- Daily Intel
This Is Not Your Grandmother’s Megyn Kelly -- Daily Intel
I'm too old to be thinking what I'm thinking right now.
Carl
11-19-2010 | 09:30 PM
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From: 747-400 Captain
11-19-2010 | 09:31 PM
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From: 747-400 Captain
11-19-2010 | 09:33 PM
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From: 747-400 Captain
11-19-2010 | 09:35 PM
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