Tom I thought you might be interested in this Article

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Warning: 60 million boomers 'paralyzed'
New investor psychology is endangering retirements
By Paul B. Farrell, CBS.MarketWatch.com
Last Update: 8:47 PM ET Nov. 30, 2004
attachment is Word documentzipped

 

[tsptalk]

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Yeah, that's a real problem. This site (tsp talk) may help to educate, but most people who come to this site were seeking help. It's the ones that don't even seek help that will really be hurting. Can you say socialism? Us savers can take care of the non-savers, can't we? :{

 

[Guest]

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tsptalk wrote:

Yeah, that's a real problem. This site (tsp talk) may help to educate, but most people who come to this site were seeking help. It's the ones that don't even seek help that will really be hurting. Can you say socialism? Us savers can take care of the non-savers, can't we? :{

Yes Tom, I can say socialism > 'sowshu`lizum
That's quite a burden you take on. Here's a new avatar for you...

To dream ... the impossible dream

 

[Timer]

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Good article. I'm going to post it at work. Food for thought for the ostriches I work with. Tom pointed out recently that the I fund ran up 50% in the last 18 months yet only 1% of the eligible are invested in it. Doing something about saving for retirement is within reach of the people I work with but they are such financial Luddites!

 

[Guest]

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Timer wrote:

Good article. I'm going to post it at work. Food for thought for the ostriches I work with. Tom pointed out recently that the I fund ran up 50% in the last 18 months yet only 1% of the eligible are invested in it. Doing something about saving for retirement is within reach of the people I work with but they are such financial Luddites!

Only when formal workshops on retirement savings, not those pre-retirement classes, are provided to educate workers about their financial future will they listen and act. Of course the luddism is closely related to the disadvantages of being of the working class > no time, stress of everyday living and lack of education. I don’t think effective workshops will evolve until the privatization of social security becomes a reality and money is to be made by those in the financial business. It will be a goldmine for those in the finance trade in educating workers and seducing them to turn their accounts over to them.
Addendum: That's nice of you tosharehelpful information.

 

[Spaf]

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WW

U just hit the nail on the top of the head! :^

Edit <><

I heard that nail cry "OUCH" all the way down here!

For shame, picking on a nail! Bucking the system, shameful!!! Utterly shameful!

(but, couldn't have said it better!)

Rgds Spaf

 

[Guest]

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Spaf wrote:

WW
U just hit the nail on the top of the head! :^

You mean likeGlad to knowI'm not all alone in my thoughts. Thank you.

 

[Guest]

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Spaf wrote:

WW
I heard that nail cry "OUCH" all the way down here!
Rgds Spaf

 

[Spaf]

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WW

Now you stop that right now!

We the people, put in the congress, the people that placed that nail! Now if you keep smaking and hitting that poor nail. I'll call the TSP cops on U.

(or do something about it. Keep helping others!)

Spaf

 

[Guest]

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Wonder Woman wrote:

Yes Tom, I can say socialism > 'sowshu`lizum

I should have put one of those smileys up there

 

[Guest]

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Spaf wrote:

WW
I'll call the TSP cops on U. Spaf

Will you make sure their tall, dark and handsome??

 

[Spaf]

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WW

Good night! Enjoyed the chat! Please,,,have a good day tomorrow!!!!

Hope it's green tomorrow!

Rgds Spaf

 

[Guest]

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Spaf wrote:

WW
Good night! Enjoyed the chat! Please,,,have a good day tomorrow!!!! Hope it's green tomorrow!

Here too.....

 

[Dakota]

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tsptalk wrote:

Yeah, that's a real problem. This site (tsp talk) may help to educate, but most people who come to this site were seeking help. It's the ones that don't even seek help that will really be hurting. Can you say socialism? Us savers can take care of the non-savers, can't we? :{

i've been saying socialism for several years, they eikk probably come and take me away someday. looks like my typing is getting better

 

[Spaf]

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Chuck

Have you tried rearranging the letters on you keyboard!

 

[Guest]

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Make sure you find the R on you keyboard.

Great article Wonder Women. Hopefully we have NO deer in the headlights - did not see that coming people on this board. Paul Farrell has a great article about the upcoming recession. He is a good source of advice.

Good luck!

Spaf wrote:

Chuck

Have you tried rearranging the letters on you keyboard!