Comments on: Savings http://susiemadrak.com/2007/08/17/12/01/savings/ Keeping a jaundiced eye on the corporate media. Tue, 02 Dec 2008 22:04:28 +0000 http://wordpress.org/?v=2.6 By: PurpleGirl http://susiemadrak.com/2007/08/17/12/01/savings/#comment-128993 PurpleGirl Sat, 18 Aug 2007 14:27:33 +0000 http://susiemadrak.com/2007/08/17/12/01/savings/#comment-128993 People think of 401Ks and 403Bs as savings because so many politicians, consultants, pundits, etc. insist on calling them retirement "savings" plans. I cringe and want to shout "no, not savings, at risk investments" all the time. Thank you for this little post about reality. And savings -- of the old-fashioned kind -- might be encouraged if banks paid more than 1% (or less!!!) interest on the accounts. People think of 401Ks and 403Bs as savings because so many politicians, consultants, pundits, etc. insist on calling them retirement “savings” plans. I cringe and want to shout “no, not savings, at risk investments” all the time.

Thank you for this little post about reality. And savings — of the old-fashioned kind — might be encouraged if banks paid more than 1% (or less!!!) interest on the accounts.

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