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Old 08-29-2005
kathaksung kathaksung is offline
Governor

 
Member Since: Feb 2001
Location: San Jose, Ca. U.S.A.
Posts: 524

   
Re: See US politics From another angle .

11. Squeeze every bit of your retirement fund to support a stock market balloon.

Read my message "9. How to blow a balloon bigger" you know There are two ways to keep stock price from falling. The two articles from Mercury News show how this government and the media they controlled are working hard to push every bit of money to the stock market to keep the balloon from exploding.

1. One way is try to find every bit of money available in 401(k).

Re: "Automatic enrollment in 401(k) plans is endorsed

Workers must choose not to contribute

By Jack Sirard, Sarcramento Bee

..... Studies show that up to 20 percent of employees who are eligible to join theri
comany's 401(k) plan fail to do so.

..... Automatic enrollment, which is a growing trend nationally, changes a worker's decision from having to choose to join a 401(k) to having to choose not to join. "
(Mercury News, 7/24/05)

Thus the 20% workers who haven't made up their mind are automatically being pushed into an investment pension fund.

2. The other way to keep the stock price from falling is to reduce the stock for selling.
Re: "Almost half of job-switchers cash out 401(k)s

By Kaja Whitehouse, Dow Jones

Almost half, or 45%, of all workers who left their employer last year opted to cash out their 401(k) savings, according to a new study. .....

Employers would often force distributions for accounts worth less than $5,000 because they found them too costly to maintain. .....

Under the new rules, employers are required to either maintain small balances - defined as anything between $1,000 and $5,000 - or automatically roll the money into an IRA when workers depart. This way, workers with small balances will only take their money in cash if they take the initiative to do so. "
(Mercury News, 7/26/05)

This is how they push workers to join 401(k) investment plan, and try their best to prevent workers from cashing their 401(k) portfolios, even if it's a small amount.
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