Clinton’s 401k proposal

Lyle Canter, Atlanta — Tue, 09 Oct 2007 18:17:25 GMT

Hillary has got the Peace Dividend spent 10 times over.

Clinton’s 401k proposal

Mark, Des Moines — Tue, 09 Oct 2007 18:21:55 GMT

"In a briefing after the speech, Clinton's senior policy advisors said other details remained to be worked out, such as how much tax relief single people would get under the plan."

In other words the press still can't ask Clinton questions, and only get her staff, that way she can distance herself from the statements if the reaction isn't good.

Clinton’s 401k proposal

Students at UNF — Tue, 09 Oct 2007 18:30:11 GMT

WE LOVE you Hill! Keep coming up with great ideas!

Clinton’s 401k proposal

vanreuter, NY NY — Tue, 09 Oct 2007 18:33:04 GMT

"After her speech, three Iowans talked briefly about some of their own experiences dealing with savings and retirement issues. Clinton then spent about half an hour taking questions from the audience. People raised issues like paying for prescription drugs, fixing the country's infrastructure and asked how Clinton would get troops out of Iraq."

So much for the chatter about refusing to take questions...

While the proposal sounds like a good idea, I'd have to see the particulars before I could decide if it is a workable one.

Van

Clinton’s 401k proposal

JUST TRUTH / AZ — Tue, 09 Oct 2007 18:37:03 GMT

She will not address ""her Failures"" while presently being a Washington Paper hanging self serving liar.

So why in ""Hell"" would we want this two face liar as the next President???

Tell America why ""YOU HILLARY CLINTON ARE A FIALURE AND CAN'T DO THE JOB YOU WERE ELECTED TO DO""???????

I want to PUKE while sending this truthful statement!!

Clinton’s 401k proposal

JUST TRUTH / AZ — Tue, 09 Oct 2007 18:37:06 GMT

Clinton’s 401k proposal

tadd vanyo, New Brighton, MN — Tue, 09 Oct 2007 18:49:22 GMT

Isn't this what Social Security was supposed to be? Another big government attempt to socially engineer our lives. Let me keep my Social Security taxes and place them into my CURRENT 401k!!! Fire Komrade Klinton.

Clinton’s 401k proposal

Al, KS — Tue, 09 Oct 2007 18:53:32 GMT

No word on whether Hillary knew how to tie her shoe...or if Bill had to help. Don't we already have tax credits for 401(k) plans..and don't small business S-corps already get a tax break for setting up and contributing to 401(k)s. In other words, she is promising what we already have...what a bold proposal. How about reporting why this is different?

Clinton’s 401k proposal

Larry, Albuquerque — Tue, 09 Oct 2007 19:11:19 GMT

I am beginning to like some of her proposals, but as a single person, it looks like I am about to be screwed again. All retirement savings should be tax exempt no matter how much you put aside. Better yet, get ride of all taxes and go to a consumption tax and most importantly, a baby tax.

Clinton’s 401k proposal

Dan G., Pensacola, FL — Tue, 09 Oct 2007 19:15:41 GMT

This is going to be like Bill Clinton's big tax relief were only families and those who didn't pay any tax (tax credits) were the only ones who benefited while the single person paid for it.

Clinton’s 401k proposal

vanreuter, NY NY — Tue, 09 Oct 2007 19:17:28 GMT

I have to say that the anti-Clinton gang is doing a better job of promoting Hillary than any of her supporters ever could. The blind hatred and repetitive slanders sound less and less like they are political in nature and more and more like personal attacks with no real basis.
Thanks.

Van

Clinton’s 401k proposal

ademption, md — Tue, 09 Oct 2007 19:31:27 GMT

This plan is different from what we have currently in that it is focused on lower and middle income people rather than high income people. The current tax incentives to save are tax deductions, which help wealthier folk who have extra disposable income to save. Tax deductions and tax credits are two VERY different items. Her plan with the tax credits provides money to lower income people who don't typically pay a large amount of taxes to encourage them to save.

There is a huge problem in this country where Americans simply aren't saving enough for retirement. It's especially a problem b/c most companies are dumping their pensions. That means that Americans need to save more to compensate for the lack of that employer benefit. But they aren't doing it. Remember social security was only supposed to represent one third of retirement income, not the entire income. Pensions and personal savings was intended to constitute the rest of (the two thirds) of retirement income. With pensions falling away, people need to double up their savings. Well, as HRC made clear in her speech, today Americans have the lowest savings rate since before the Great Depresssion. Not good. Not good at all.

For people dissing HRC's plan, what's your fave candidate's solution to the problem? I want to know what HRC's competitors on the Dem's side as well as the GOP's plans are going to do to address the problem?

Clinton’s 401k proposal

John Moore — Tue, 09 Oct 2007 19:32:26 GMT

If this communist is elected, then we deserve the economic collapse that is certain to follow.

Clinton’s 401k proposal

George Beaven, Ft. Myers, Fl. — Tue, 09 Oct 2007 19:34:15 GMT

When is a retirement account not a retirement account?

ANSWER: When folks can access their money before they retire. People refinance or take out home equity loans and they tap their 401k's and their IRA's. The only positive about Social Security is you Can't get it (except for disability) until you turn at least 62. Of course it's not funded which is another story.
But look at this quote on Hillary's plan.

>>Mrs. Clinton said that Americans could also tap into the savings accounts to buy a home or pay for college, and that she was considering allowing workers to access the account “during tough times, like an illness or accident.”<<

Oh great!! This is a retirement plan??

Clinton’s 401k proposal

nuanced — Tue, 09 Oct 2007 19:36:03 GMT

Al, KS, in the real world most people an not allowed to have 401(k) plans. Many companies don't offer them. It sounds like her plan would make it universal; a big difference.
PS: who helps you with your shoe tying?

Clinton’s 401k proposal

ademption, md — Tue, 09 Oct 2007 19:36:43 GMT

Just one more thing that's different with this proposal than our current system. Notice that Athena, the author, mentioned that these new 401(k) accounts would be portable. You know when people leave their jobs, they usually have to dump whatever funds in their 401(k) to an IRA account? You get hit with whatever admin fees are associated with the new account etc. Well, if you have a portable account, if you leave your job, you take your account with you so that you're not hit with the new admin fees of the IRA account. Seems like a good deal to me....

Clinton’s 401k proposal

RH Oregon — Tue, 09 Oct 2007 19:47:29 GMT

"I have to say that the anti-Clinton gang is doing a better job of promoting Hillary than any of her supporters ever could. The blind hatred and repetitive slanders sound less and less like they are political in nature and more and more like personal attacks with no real basis."
vanreuter, NY NY (Sent Tuesday, October 09, 2007 3:17)

Van, Van, Van... Sometimes you actually sound intellent. Sometimes, well not so much. And this just sounds like your bored. Most of the hatred of Hillary and crooked company is not blind, but based on facts that we all are aware of. If you choose to be blind of her 'short comings', then go ahead. But the general hatred of all things Hillary IS personal, as well as political. For the last 18 years she and Bill had not given us so, so, much to hate, what do you expect.
So go back to your self absorbed, bored little, New York life, and try not to be so sensitive....

RH....

Clinton’s 401k proposal

Bruce, NV — Tue, 09 Oct 2007 20:06:39 GMT

Ademption: let me invest my SS taxes. That's my solution.

Clinton’s 401k proposal

K., Austin — Tue, 09 Oct 2007 20:08:00 GMT

hey Nuanced, even though a company does not offer a 401k plan, a person is "allowed" to open up a retirement savings account. Nobody is preventing that.

It comes down to personal responsibility and making your own choices. Why should you expect the Gov't or your employer to make those choices for you? The portions of our economy that are the most screwed up (healthcare being the poster child for this) are the ones where we have Gov't mandated rules creating a hybrid of Gov't/corporate decision making for individuals. Why do so many of you want to continue that process? I can understand if you are a gullible USF student who has your parents paying your bills for you.

Clinton’s 401k proposal

American Voter — Tue, 09 Oct 2007 20:09:39 GMT

More socialism from the lying woman. What's next???

Clinton’s 401k proposal

Al Lemoine, Cottonport,La — Tue, 09 Oct 2007 20:13:31 GMT

Hilary Clinton is preaching Socialism.The Roman Empire collapsed because a few had to support the many who would not work-read your history.

Clinton’s 401k proposal

QuickQuestion — Tue, 09 Oct 2007 20:18:19 GMT

A few years ago, Bush proposed a savings plan for all Americans that would be similar to the plan that members of Congress have. Every Democrat (including Hillary) blasted the idea as being a horrible concept for the American people. Yet here she is proposing what sounds to be the exact same thing. How is this different from Bush's proposal?

Clinton’s 401k proposal

Ralph, Mexico, NY — Tue, 09 Oct 2007 20:19:21 GMT

I see a theme evolving from the Clinton campaign which has a great deal of potential in the general election. That is that government should reward those who work and take personal responsibility. If you struck “government” from the theme we would be looking at Hoover’s social contract. The fact that our former Goldwater Girl, Senator Clinton, can put this proposal forward speaks to how far the Republican Party has drifted away from its roots. The “Trusts” that Teddy Roosevelt broke apart have been reformed by the Nuevo Republican “reward the winners; blame the losers” mentality.

What is profoundly sad is that the one Republican candidate who could provide a spirited counterpoint to both Senator Clinton and the corporate conservatives is Senator McCain. But Senator McCain has entangled himself apologizing for our president’s war.

Clinton’s 401k proposal

OutWest, Canyon Country, CA — Tue, 09 Oct 2007 20:24:39 GMT

George Bush took us to war and told everyone to go shopping. Hillary Clinton is proposing a revised 401K plan to assist us in generating savings for our retirement.
Gee, who is the greater danger to the American way of life?!
History lesson the first Social Security plan was in Germany under Otto von Bismark. It was instituted to get older worker out of the work force to make way for younger workers.

Clinton’s 401k proposal

steve clearwater — Tue, 09 Oct 2007 20:27:44 GMT

Another big gov't thing that will increase taxes.Gotta love those Socialist NOT!!!!!

Clinton’s 401k proposal

Billy, Long Island — Tue, 09 Oct 2007 20:29:39 GMT

The only problem I see is that you can only save a maximum of $5000 per year. My company sponsored plan allows a max of $14,000 or there about, not that I can afford to contribute that much, mind you. I do love the idea of portable 401k and portable health insurance. It would allow me to move between employers easier, stay with interesting project work, and be a more productive citizen.

Clinton’s 401k proposal

A. Taxpayer — Tue, 09 Oct 2007 20:56:33 GMT

This is just another way of punishing people for being successful, to benefit the slackers who vote for democrats.

Clinton’s 401k proposal

Mark, AR — Tue, 09 Oct 2007 20:57:02 GMT

This is nothing more than a vote buying plan...

Clinton’s 401k proposal

Bee — Tue, 09 Oct 2007 21:22:28 GMT

This is another ridiculous idea. How does she intend to pay for it?

The last time i checked she proposed a $5,000 baby bond, now she is talking about $1,000 for 401K. Is she on cool aid and how does she intend to pay for it?

She would say anything to get elected. What a joke?
I guess she will back down like she did on baby bond.

Clinton’s 401k proposal

Lek — Tue, 09 Oct 2007 21:25:02 GMT

Is this Hillary 3.0?

She just like spending. When is she going to start telling the truth?

Democratic party is dead if they choose her as their nominee.

Clinton’s 401k proposal

Richard, Washington State — Tue, 09 Oct 2007 22:11:29 GMT

1) How and where will the government 401k funds be invested for the participants? (Emphasis on the "for", this isn't a case of "by".
2) Who will control the investment options, assuming there are options?
3) What investment options will be available to take advantage of historical long term stock market investment returns of 11-12%? The stock market was used as a weapon to torpedo Bush's "privatization" plan. How could you contemplate approving a plan that might have to involve some market investment options? On the other hand, why would anyone want a retirement plan that doesn't?

4) Will savings by the participant be mandatory in order to receive a match? How will that help people who don't save in their 401K's now? How will that help people who don't save now in traditional IRA's, Roth IRA's, SEPP IRA's, Keough Plans etc.

5) We see numbers as to how much this might cost, 25-30 billion a year. Does that include management and bureaucracy costs to run and monitor a parallel national government program?

6) There are plenty of retirement savings options out there. How we just spend a few billions to educate people how to take advantage of them? Or are we just too dumb?

This idea is as dumb as baby bonds. But it sure sounds good. Why is buying your vote with this any different than buying a vote with promise of a tax cut? The only question is: Are you going to sell?

Clinton’s 401k proposal

--NSMSNBC — Tue, 09 Oct 2007 22:36:59 GMT

Vanreuter, two things. First, it is nice to see that you haven't automatically endorse Hillary's plan, but chose to look into the feasibility first. Funny how more government, specifically one that baby-sits its people isn’t always better. Yes, the anti-Hillary folks can be nuts sometimes too, like you!

Secondly, I think that it is a misstatement to say that personal attacks have no real basis. Clearly if you were a radio talk show host referring to Clinton as “Hillary Rotten Clinton, Her Royal Thighness.” Then that kind of personal attack does in fact have no basis, and is strongly counterproductive. Though, is still protected under the first amendment.

Some of what Bush wanted to do might not have turned out so piss-poor if he had a little more personal integrity and was more of the Unifier rather than the Divider he turned out to be. Maybe something that he promise would have gotten done. I fear the same with Mrs. Bush-Cheney Lite--which does seem to be a fair comparison. Not everything needs sources and polls, which you seem too often so fond of. Sometimes you have to go with you gut. Just ask Homeland Security Secretary Michael Chertoff. The evidence is mounting, the republicans will have a hay-day with Hillary, and she is losing integrity by the day. I could be specific, but instead, I prefer the satirical approach to posting in general, pointing out the ridiculousness of the process and the candidates. And with that, the Hill gives me lots to work with.

Clinton’s 401k proposal

April — Wed, 10 Oct 2007 00:03:52 GMT

Ya gotta hand it to Hillary for being able to create these outlandish whoppers!

Clinton’s 401k proposal

general election votor miami, fl — Wed, 10 Oct 2007 16:08:12 GMT

Maybe she can invest some of that illegal campaign money into her new 401k plan.

Clinton’s 401k proposal

Voter and Taxpayer — Wed, 10 Oct 2007 16:45:47 GMT

1-"Hilary Clinton is preaching Socialism.The Roman Empire collapsed because a few had to support the many who would not work-read your history."

The Roman Empire collapsed because it became divided--it became many small "city-states" or special interest groups who no longer adhered to the rule of the central government, but wanted to create their own small nations within the government. Rome was no longer a melting pot, much as is happening in the US today--the interests of the few being protected at the expense of the many.

2-"This is just another way of punishing people for being successful, to benefit the slackers who vote for democrats."

As a taxpayer myself, and one who votes for Democrats, the reason why I vote Democrat is because the middle and lower class seems to have more opportunity to become successful when the Democratic party has the majority in government. Tax breaks, for instance, should be for everyone, not just the rich.

Clinton’s 401k proposal

Dem, Knoxville, TN — Wed, 10 Oct 2007 17:20:10 GMT

Hilary actually has an excellent idea for 401K funds to be available for emergencies. Especially when you consider that a lot retirement fund programs do allow for people to borrow against them for major expenditures or emergencies. Why is it that Hilary's plan to allow people to have access to their funds in emergencies or for major expenses such a far-fetched idea? As in other, private plans, if a person borrows against their 401k in Hilary's plan, it should be only from the funds he or she has contributed, and it should be up to the person to repay those funds. It comes down once again to personal responsibility. Hilary in this case, is talking about encouraging personal responsibility by making plans not only available, but attractive for a broader range of people--people who may not have a retirement plan option where they work. Just as not everyone has insurance, not everyone has a retirement package--especially if they are self-employed.

Clinton’s 401k proposal

Dr Coles, Los Angeles, CA — Wed, 10 Oct 2007 18:37:30 GMT

Since the government does NOT earn money. Who will pay this bill? YOU. http://tinyurl.com/2znnvl

Clinton’s 401k proposal

Dem, Knoxville, TN — Wed, 10 Oct 2007 19:21:33 GMT

Taxpayers paying the government, government funding retirement program for taxpayers, taxpayers receiving and contributing to same retirement program for themselves . . . seems like eventually it would all work out to the advantage of the people paying for it.

Remember, we're all paying for Social Security, too, although people with large investment portfolios and retirement plans probably won't need it. I know people who have all these things . . . and still collect Social Security. After all, they paid for it. Of course, on the flip side of the coin, I know people who only have Social Security to depend on because their employer-based retirement plans vanished when companies folded or were taken over by other companies. When you know people on both sides of the issue, it's a little easier to sympathize with an attempt to help people better themselves.

Clinton’s 401k proposal

Tim Danser, Dever, Co — Fri, 12 Oct 2007 09:55:34 GMT

Why does Hillary hate single people? Why are childless married couples more worthy of tax credits than childless single workers? Will married couples who smoke be eligible for her 401K credits :-)

Clinton’s 401k proposal

impeach bushcheney — Fri, 12 Oct 2007 17:02:29 GMT

placation placation placation...They all do it, don't believe it... Since she is pro amnesty pro illegal immigration anti constitution she will never have funding and will toss blame, saying I tried... Boo Hoo Shame on you citizens for falling for words of placation...Aside from socialism her oil profit attack is plainly a clear road to nationalization...

Clinton’s 401k proposal

Chig, Kansas City, MO — Sat, 13 Oct 2007 14:58:39 GMT

I administer my employer's 401k plan that has 1,000 participants. They have collectively borrowed over $1mil for all kinds of reasons. Allowing access to "retirement" funds for accidents and illnesses, however noble that may sound, reduces the proposed accounts to government subsidized temporary savings accounts.