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Retirement Summit Meeting
Old 02-24-2006, 07:44 AM   #1
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Retirement Summit Meeting

Dory, are you going to attend to represent the forum?

Time to make savings cool
Retirement-savings summit holds promise

Next week, the Labor Department will host the 2006 National Summit on Retirement Savings -- otherwise known as the Saver Summit. The event, which has been held every four years since 1998, will feature more than 250 people, including White House officials, politicians, government agency heads, researchers and other parties interested in cracking the retirement crisis in America.

Numbers is hard

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Re: Retirement Summit Meeting
Old 02-24-2006, 09:23 AM   #2
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Re: Retirement Summit Meeting

This is JUST what I want...........the government "helping" folks save for retirement through a manditory savings program......where have we heard that one before? How's that working out for you?

"...For his part, Aitken wants tangible and concrete results. Chiefly, he wants "automatic enrollment" into employer-sponsored retirement plans such as 401(k) plans to be adopted. With automatic enrollment, employees are entered into their company's 401(k) plan and they must opt out of participating in the plan. Not surprisingly, the net effect of automatic enrollment is that more rather than fewer employees are saving for retirement. In fact, the percent of employees participating in retirement plans generally rises from 75% to more than 90% when automatic enrollment is part of the formal plan design...."

Work? I don't have time to work....I'm retired.
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Re: Retirement Summit Meeting
Old 02-24-2006, 11:53 AM   #3
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Re: Retirement Summit Meeting

Top 10 lies #5:

I'm from the government. I'm here to help you.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Retirement Summit Meeting
Old 02-24-2006, 01:47 PM   #4
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Re: Retirement Summit Meeting

Originally Posted by REWahoo!
...will feature more than 250 people, including White House officials, politicians, government agency heads...
Perfect.* I can just imagine how the conversation(s) will go...

"Let's scare the hell out of 'em.* Keep 'em working to keep SS funded"
Diggin' my way to financial freedom, one buck-at-a-time
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Re: Retirement Summit Meeting
Old 02-24-2006, 01:50 PM   #5
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Re: Retirement Summit Meeting


"If we raise taxes a bunch, the incentive to contribute to a 401k increases".

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