In the wonderland that is the Bush Economy, I have moved frequently these past few years in search of better employment. With each upheaval comes the need to reestablish 401(k) at each new job...
In the wonderland that is the Bush Economy, I have moved frequently these past few years in search of better employment. Since Bush stole his first election, my wife and I have moved twice. With each upheaval comes the uncertainty of long-term security, the inability to establish roots or buy a home (more money down the rental toilet), and, as per the title of this diary - the need to reestablish 401(k) at each new job, after the requisit year of sitting on the sidelines, of course.
This morning a shiny yellow folder hit my desk, outlining all of the options (i.e., crap-shoots) that I have available to me. Some gems:
Plan A - Halliburton Co., Tyco International, Citigroup, Inc....
Plan B - Pfizer, Inc., Medtronic, Inc., Merck & Co....
Plan C - GE, ExxonMobil Corp., Microsoft, Pfizer, Citigroup, Wal-Mart Stores, Inc., Bank of America Corp....
The dilemma is one I've faced before: how to invest for my eventual retirement without feeling like I've sold my soul? Do I opt-out, investing instead in a personal 401(k) that is environmentally and socially responsible, and miss out on my company's contributions (when I am finally eligible for them)?
Ah, yes. That familiar taste of bile at the back of the throat as I try to explain my dilemma to yet another retirement plan coordinator.