Re: No retirement

["Bob Crothers" <bob@xxxxxxxxxxxxxx>]

In a word: 401K

Anybody who has the ability to participate in a 401K and doesn't, is
just telling their employer "No, I don't want that money...you just
keep it".

Even if your employer is not making any matching contributions, because
of the way the tax's work, you still get a very large return on
investment.

And do not let your employer say "we are to small to have a 401K".
Now days, even very small companies can have a 401K.  Cornerstone
Communications does (with matching!) and we are a small company.  And
with small companies, it actually works out that the 401K plan does not
cost anything in post-tax dollars to the employer.  It is a true
Win-Win situation.

Bob

-----Original Message-----
From: HankHeath@aol.com <HankHeath@aol.com>
To: MIDRANGE-L@midrange.com <MIDRANGE-L@midrange.com>
Date: Wednesday, November 25, 1998 11:50 AM
Subject: No retirement


>I've been reading recently that a lot of the baby boomers in the U.S.
are
>coming to an astounding deduction: they may not be able to retire.
Government
>assistance such as Social Security is unsupportable and too little,
too late.
>The baby boomer generation has had to speculate on real estate, which
has not
>shown the returns they need to settle into a retirement home. They
have had
>children late in life, whom they now have to support through college
and more.
>Pension plans  and savings have not been well managed. Inheritances
are over-
>taxed. In other words, there is little left to take to the sunny
beaches of
>retirement.
>
>For a person like my self, this is not a major problem. I have always
loved
>work, and planned to stay on board until someone kicked me out of the
>organization. However, I am curious as to how this retirement scenario
is
>viewed by Midrangers? What do you folks plan on doing?
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