It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Libertas on June 10, 2011, 06:57:54 AM

Title: 30% of 401(k) holders have borrowed against it
Post by: Libertas on June 10, 2011, 06:57:54 AM

http://www.zerohedge.com/article/record-number-people-have-taken-out-loan-out-against-their-401k?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/article/record-number-people-have-taken-out-loan-out-against-their-401k?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)

Another sign of the times.  Comments are interesting.  Some people are at least investing the proceeds into sensible things, not blowing it on toys.

Title: Re: 30% of 401(k) holders have borrowed against it
Post by: Pandora on June 11, 2011, 06:46:57 AM

Not to worry.  Theresa Gillarducci, the woman who wants to nationalize 401k money and then hand out "annuities", knows people can't be trusted to tend to their future as regards savings and whatnot, so she's going to save us from ourselves.

Title: Re: 30% of 401(k) holders have borrowed against it
Post by: AlanS on June 11, 2011, 08:07:02 AM

Quote from: Pandora on June 11, 2011, 06:46:57 AM

Not to worry.  Theresa Gillarducci, the woman who wants to nationalize 401k money and then hand out "annuities", knows people can't be trusted to tend to their future as regards savings and whatnot, so she's going to save us from ourselves.

Comforting thought. ::laserkill::

Title: Re: 30% of 401(k) holders have borrowed against it
Post by: charlesoakwood on June 11, 2011, 10:26:05 AM

Commenters at Zero are thinking about it, most of that 30% are probably making loans in order to maintain a lifestyle to which they are accustomed.

Title: Re: 30% of 401(k) holders have borrowed against it
Post by: Sectionhand on June 11, 2011, 10:49:26 AM

Some people just never frigging learn .