Post by Darth Stateworker on Jun 29, 2012 16:45:45 GMT -5
redtape.msnbc.msn.com/_news/2012/06/29/12465334-your-family-is-probably-losing-155k-from-401k-plan-and-why-new-rules-wont-help?lite
I noted this previously when discussing why their was such a huge push for Tier VI even though Tier V was only a year or two old, but here's an article on the exact same phenomenon I discussed.
It isn't difficult for someone with a modicum of deductive reasoning skills to "get it". If the average 401(k) holder will lose almost 30% of the value of their 401ks to fees over time, it becomes clear why the narrative is that pensions "bankrupt" every government and business that offers them, even though the facts say differently. The banksters and the wealthy want "THEIR CUT" of your money, even while they argue against raising taxes on themselves because "whats mine is mine and I should be able to keep what I earned". Except in this case, like most others - YOU actually earned it and they're just being parasites.
I noted this previously when discussing why their was such a huge push for Tier VI even though Tier V was only a year or two old, but here's an article on the exact same phenomenon I discussed.
It isn't difficult for someone with a modicum of deductive reasoning skills to "get it". If the average 401(k) holder will lose almost 30% of the value of their 401ks to fees over time, it becomes clear why the narrative is that pensions "bankrupt" every government and business that offers them, even though the facts say differently. The banksters and the wealthy want "THEIR CUT" of your money, even while they argue against raising taxes on themselves because "whats mine is mine and I should be able to keep what I earned". Except in this case, like most others - YOU actually earned it and they're just being parasites.