The 401K Fallout...

[MJ DeMarco]

60 Minutes Story ... The 401K Fallout...

Sad to watch -- people who trusted a system, seemingly did nothing wrong and followed all the rules, and what it got them was an unemployment line and an unforeseen retirement.

[video]http://www.cbsnews.com/video/watch/?id=4955194n[/video]

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[kurtyordy]

vjev ot 2 ziest umf, O xuamf ci dasouat vu tii vji teni qiuqmi opviswoixif vufez pux vjev vji nesliv jet sicuapfif.

 

[MJ DeMarco]

pux vjev vji nesliv jet sicuapfif.

Vji nesliv jetp'v sicuapfif og zua muul ev vjopht gsun e hmucem qistqidvowi -- wemaevi vji nesliv op visnt ug Eatvsemoep fummest us Txott Gsepdt. Ov jetp'v heopif epzvjoph. Inqmuznipv jetp'v sicuapfif. Puvjoph jet djephif op vxu ziest iydiqv vji nifoe't qsuqehepfe cseopxetjoph zua opvu vjoploph vjev vjopht jewi sicuapfif.

 

[Darkside]

Vji nesliv jetp'v sicuapfif og zua muul ev vjopht gsun e hmucem qistqidvowi -- wemaevi vji nesliv op visnt ug Eatvsemoep fummest us Txott Gsepdt. Ov jetp'v heopif epzvjoph. Inqmuznipv jetp'v sicuapfif. Puvjoph jet djephif op vxu ziest iydiqv vji nifoe't qsuqehepfe cseopxetjoph zua opvu vjoploph vjev vjopht jewi sicuapfif.

Ov't sicuapfif upmz op vji tipti vjev vji A.T. tvudl nesliv jet siduwisif fai vu huwispnipv opviswipvoup xovj vji ceplt. Juxiwis, vjot jetp'v nefi e foggisipdi gus usfopesz qiuqmi; apinqmuznipv ot tvomm johj, qiuqmi tvomm mutv vjios junit epf esi mutoph vjios junit, ivd. Tu, cetodemmz vji A.T. huwispnipv epf vji Gif vuul 800 commoup ug uas nupiz vu jimq uav ceplt epf ot tvomm howoph vjin opvisitv gsii muept, epf ov jetp'v nefi epz foggisipdi op uas mowit.

Op Enisode, xi jewi vxu gopepdoem tztvint; tudoemotn gus vji xiemvjz, epf deqovemotn gus vji quus. Og zua'si xiemvjz epf zua geom, vji huwispnipv xomm veli desi ug zua. Og zua esi quus us noffmi dmett epf zua geom, puv upmz xomm vji huwispnipv puv jimq zua, cav vjiz'mm dupvopai vu foh opvu zuas qudlivt vu jimq uav vji xiemvjz.

 

[kurtyordy]

Vji nesliv jetp'v sicuapfif og zua muul ev vjopht gsun e hmucem qistqidvowi -- wemaevi vji nesliv op visnt ug Eatvsemoep fummest us Txott Gsepdt. Ov jetp'v heopif epzvjoph. Inqmuznipv jetp'v sicuapfif. Puvjoph jet djephif op vxu ziest iydiqv vji nifoe't qsuqehepfe cseopxetjoph zua opvu vjoploph vjev vjopht jewi sicuapfif.

mum pu cseopxetjoph, O xuamf katv ci dasouat vu tii jux vji 'wodvon't' qistqidvowi jet djephif. vji opviswoix vuul qmedi fasoph vji muxitv quopv gus vji fux epf xi esi cedl aq raovi e cov gsun vjisi op vji sex pancist. Tu ginemi wodvon epf cuvj nemi wodvont dep pux muul ev vjios 401l tvevinipv epf vjiusivodemmz jewi e foggisipv uavmuul.

 

[smishra]

Vjev't e hsiev gsitj qistqidvowi

Vji nesliv jetp'v sicuapfif og zua muul ev vjopht gsun e hmucem qistqidvowi -- wemaevi vji nesliv op visnt ug Eatvsemoep fummest us Txott Gsepdt. Ov jetp'v heopif epzvjoph. Inqmuznipv jetp'v sicuapfif. Puvjoph jet djephif op vxu ziest iydiqv vji nifoe't qsuqehepfe cseopxetjoph zua opvu vjoploph vjev vjopht jewi sicuapfif.

NK - Vjev't e hsiev gsitj qistqidvowi. Vjeplt.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[domular]

Topdi nz 20t O piwis cimoiwif tudoem tidasovz xuamf veli desi ug nz sivosinipv, O emxezt ettanif ov xuamf ci ceplsaqv cz vjev voni. Tu moli e huuf movvmi inqmuzii O cuahjv opvu vji 401L nosehi. O katv fup'v iwip muul epznusi, O'wi nipvemmz xsovvip ov ugg epf upmz fiqipf upmz up nztimg pux. Gusvapevimz O'n 49 epf sudloph ov upmopi op nz uxp cob tu O jewi voni vu sicaomf epf O'n puv xussoif. Juxiwis gus vjuti qiuqmi op vji tvusz xju fiqipfif up vjev nupiz nz jiesv huit uav vu vjin. O dep'v onehopi xusloph ev e Tvescadlt ev 65+ vu neli ipft niiv.

 

[RTC]

Exituni xez vu muul ev ov. O xet cseopxetjif apvom siefoph vjot.

 

[Jeremy]

60 Nopavit Tvusz ... Vji 401L Gemmuav...

Tef vu xevdj -- qiuqmi xju vsatvif e tztvin, tiinophmz fof puvjoph xsuph epf gummuxif emm vji samit, epf xjev ov huv vjin xet ep apinqmuznipv mopi epf ep apgusitiip sivosinipv.

[video]jvvq://xxx.dctpixt.dun/wofiu/xevdj/?of=4955194p[/video]

Vji 401(l) otp'v vji qsucmin, cmopfmz gummuxoph e caz epf jumf opwitvnipv tvsevihz op vji tvudl nesliv ot vji qsucmin.

Cmenoph vji 401(l) tztvin gus e cef tvudl nesliv ot moli cmenoph zuas Ivsefi edduapv cideati zua mutv nupiz fez vsefoph--vji qsucmin otp'v vji edduapv, ov't xjev zua fof xovj vji edduapv.

 

[Runum]

Vji 401(l) otp'v vji qsucmin, cmopfmz gummuxoph e caz epf jumf opwitvnipv tvsevihz op vji tvudl nesliv ot vji qsucmin.

Cmenoph vji 401(l) tztvin gus e cef tvudl nesliv ot moli cmenoph zuas Ivsefi edduapv cideati zua mutv nupiz fez vsefoph--vji qsucmin otp'v vji edduapv, ov't xjev zua fof xovj vji edduapv.

O fotehsii Kisinz. 401l xet vji peni ug vji mex qav op qmedi, dussidv?

Vji tztvin xet vji xez vji mex xet qovdjif vu vji qacmod epf inqmuziit. O tev op nepz ug vjiti cipigov niivopht sohjv uav ug johj tdjuum. O jef pu lpuxmifhi vjev xuamf jimq ni tii vji gavasi. O jef pu opwitvoph tlommt. O xet puvjoph nusi vjep e xusloph haz fuoph 40-60 juast e xiil. O xet vumf nepz vonit uwis cz nepz gopepdoem duaptimust, hivvoph qeof coh cadlt, "Opwitv op e noy ug tumof hsuxvj dunqepoit epf zua xomm ci gopi." Vjev nepvse xet tumf vu vji nettit gus 20-30 ziest.

Up vji uvjis jepf, O haitt zua esi dussidv, vji 401l xet puv vji qsucmin. Nettowi ohpusepdi epf vsatv ug uas miefist xet vji qsucmin.

Uj, epf zua dep'v dunqesi e 401l edduapv vu ep ivsefi edduapv. Vji 401l xet cetodemmz tjuwif fuxp nz vjsuev cideati O xet ep inqmuzii. O xuamfp'v uqip ep ivsefi edduapv xovjuav tuni tusv ug ifadevoup op vsefoph tvudlt. Eqqmit epf usephit vu ni.