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View Diary: States starting to take action on retirement security (42 comments)

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  •  Other reaon people lost (2+ / 0-)
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    i understand, antirove

    You lost a job during the downturn (like so many others) and had to dip into those already depleted retirement savings to get by until you found another job.

    Believe me, I am intimately acquainted with this double loss scenario.

    John Roberts? Melville Fuller?? WTF is the difference???.

    by Walt starr on Fri Jul 05, 2013 at 03:31:35 PM PDT

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    •  That's certainly a good point. (0+ / 0-)

      We were not ahead of our time, we led the way to our time.

      by i understand on Fri Jul 05, 2013 at 03:44:12 PM PDT

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    •  Or forced retirement (0+ / 0-)

      Raise your hand if you had planned to work longer but were laid off and couldn't find a job.

      These forced IRAs are just the privatization of Social Security with us taking all the risk.  And like Adjustable Rate Mortgage where the home owner takes all the interest rate risk.  Just as you can bet the market will crash sometime during your earning years, interest rates will peak sometime during that period.  And home owners / wage earners will be left holding the bag.  I was a millionaire once.  On paper.  Now I'm wondering if my savings will last my retirement or if there will be anything for my surviving spouse.  I may have to get a divorce to protect her.

      Even Democrats can be asses. Look at Rahm Emanuel.

      by Helpless on Sun Jul 07, 2013 at 05:32:05 AM PDT

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      •  Forced IRA contributions (0+ / 0-)

        is just privatized Social Security under another name.  We need to fix Social Security with its guaranteed benefits.  And the only way to fix it is to take more from the rich.  That's why these plans are floating out of the air.

        Even Democrats can be asses. Look at Rahm Emanuel.

        by Helpless on Sun Jul 07, 2013 at 05:36:16 AM PDT

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