2 ms·
That's why independently run 401(k)'s are the best. I'm a trustee of the one for our company, and there's no way I could raid it.
by e40 9y ago
That's why independently run 401(k)'s are the best. I'm a trustee of the one for our company, and there's no way I could raid it.
- walshemj 9y agoBut its an awful DC scheme you cant put much in there is zero tax relief an employer Mach is tiny the UK from April mandates 5% match for an employer -better than nothing I supose
- njarboe 9y agoLots of people "raid" it by going to cash in the down-turns in the market and buying in the hyped peaks losing over 50% in the cycle.
- e40 9y agoI think your usage of "raid" is not what is being discussed here. The meaning here is when companies get in trouble, they use loopholes (or downright evil language) in their retirement plans to essentially take the money from employees.