 | Home Heating in the USA: A Comparison of Forests with Fossil Fuels | The Oil Drum | DrumBeat: December 15, 2007 |  |
| The Earth and Energy Round-Up: December 12th/15th 2007 | The Oil Drum: Canada | The Finance Round-Up: December 19th 2007 | |
105 comments on The Finance Round-Up: December 14th 2007
Comments can no longer be added to this story.
| Show without comments | PDF version
105 comments on The Finance Round-Up: December 14th 2007
Comments can no longer be added to this story.
| Show without comments | PDF version
User login
Personnel
Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
One would like to think that at least some people realize what is going on and just plain cash in the retirement plans despite penalties and move them into inflation indexed treasuries or gold.
Unless these plans are invested exclusively in guaranteed treasuries, and almost none are, they will be worth little or nothing eventually. This does not even consider inflation and the possibility of withdrawals being blocked.
musashi, I agree that a few far-sighted folks may well take their futures into their own hands.
I'm vested in a Defined Pension Plan; up to a couple of years ago I was delighted that I had a benefit that's a dying breed. Now I feel the oposite. The managers bought whatever the brokerages were touting that month, which included SIV and subprime CDO paper. I can opt to self-direct my account, which lets me "choose" between a "growth mutual fund" or an annuity from an insurance company (which I'll bet is up to its eyeballs in "high yield" paper). No mention of gold or oil-service ETF's; I'm sure that's just an oversight that will be soon corrected...HAHAHAHAHA.
So now I'm doing ELP with a vengeance, as I've realized that my retirement is pretty much up to me.
PLAN, PLANt, PLANet
Errol in Miami