About that 401k


Some folks are going to be in trouble during their retirement years. More and more people are whittling away at their retirement savings.


With federal policymakers eyeing cuts to Social Security benefits and Medicare to rein in soaring federal deficits, and traditional pensions in a long decline, retirement savings experts say the drain from the accounts has dire implications for future retirees.

“We’re going from bad to worse,” said Diane Oakley, executive director of the National Institute on Retirement Security. “Already, fewer private-sector workers have access to stable pension plans. And the savings in individual retirement savings accounts like 401(k) plans — which already are severely underfunded — continue to leak out at a high rate.”

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WFB knew: be an uber-con at your own risk!


From Politico.com:

(Joe Scarborough op-ed)

Had GOP voters also followed Buckley’s advice to vote for the most electable  conservative instead of the most right-wing choice, Harry Reid would be in  retirement and a Republican would be the Senate majority leader.

For the GOP to win again, it must dare to embrace Buckley’s ruthless,  pragmatic approach to primary elections and learn again to vote for candidates  who can win sweeping majorities and just say no to ideological indulgences that  only advance the Democrats’ cause.

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