This blogging site is not a fan of the Federal Reserve. The money printing that has gone on f
Tag / savings
Are 401K’s Scams?
EconomicPolicyJournal.com posted a write up(full article here) about 401k’s being a scam. Economics needs
Gas Savings = Chipotle
Business Insider had this post about Americans saving money at the gas pump. You can read the whole post here.
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People Borrowing More from 401k’s
More investors are taking out loans against their 401(k)s, and that could hurt their retirement income by hundreds of dollars a month, according to an analysis by Fidelity Investments released Wednesday.
The number of investors borrowing from their 401(k)s has been steadily increasing for more than a decade. Today, more than one in five people, or 22.5% of Fidelity’s 401(k) investors, borrow against their retirement savings, up from 18.7% in 2000, according to Fidelity’s analysis of 13 million investors.
More than 2 million investors have outstanding loans, and nearly 1 million took out loans in the past year.