Message #20917

[cdalhamer]

I firmly believe in the 401k program IF it is administed by a trustworthy person at your company, IF the plan administrator is strong, and IF you, the participant becomes and stays educated about where you have your money invested, and trends in the market(s).  It is YOUR investment and YOU need to stay up to date on what is happening not only with the types of investments you have but the companies those investments consist of as well.  

Yes, this is a risk.  But is social security going to be here when I retire in another 25 years?  That is a risk also.  I have a lot more control over my 401k than I do the social security system.  I will accept the risk and responsibility for such.

I do think that the high ups at Enron deserve to be punished for their wrongdoing.  That is the American way.  I hope they get paid back for all the heartache they have caused.

cdalhamer