Vesting is when your employer contributes to your 401k plan. Your employer may contribute up to 50% in matching funds for every dollar you place into your 401k retirement plan. The catch to it is your employer can take back a portion of the fund depending on how long you have worked there. This amount is calculated on the vesting years required by your employer. With the recent collapse of the stock market layoffs are just around the corner. Your employer is entitled to that percentage regardless if you have loosed or gained in the stock market. Even if you move the plan to another employer. If the amount left in your 401k plan is less than your former employer’s share of the vesting amount you could be left with a bill. You will also have to pay 10% to the government, plus a %10 fee to the 401k provider if you withdraw the funds. To cover cost your former employer may hold your last paycheck while the suit is in progress.
Your 401k plan is not as safe as you may think; if the company you work for collapses they may confiscate the funds. An employer I worked for in Arkansas called Lindsey Software confiscated my 401k plan when I left. There was no vesting involved there. If you don’t believe this can happen to you talk to some former employees of a now defunct company called Enron.
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401K? Forget it! The liberals have other ideas for your retirement. Obama is going to "spread the wealth" while he introduces a health care plan that is line by line exactely what happened under Clinton that lead to the 1998 Nursing Shortage. The nursing shortage is a result of the managed care system applied by the health care which is a money driven organization, which will receive a higher tax. The managed care system rations health care according to the standards set by your insurance. Many health care plans are based on the Medicare and Medicaid plans, paid by your taxes which are already in the hole. A recent report on Fox news stated that Medicare was 35 trillion dollars in the hole. States have complained the Federal government has not been reimbursing enough for the Medicaid and Medicare coverage. Now Obama is going to expand this out of control spending and force insurances to decrease their cost by $2500. This will force hospitals to decrease staff in an already suffering staffing situation. Plus he is going to increase government regulations, which will have to all be fulfilled by the nursing staff. All the regulations he has in his plans have already been established, there is nothing new. Yet political pundits look at it and marvel! He just wants to increase the pressure on the dwindling resource. Hospitals around here are afraid to expand presently, very nervous about who the elected president will be. But as Lord Woodhouselee said:
"A democracy cannot exist as a permanent form of government. It can only exist until the people discover they can vote themselves largess(gifts, money, favors, etc.) out of the public treasury. From that moment on, the majority always votes for the candidate promising the most benefits from the public treasury, with the result that democracy always collapses over a loose fiscal policy--to be followed by a dictatorship."
Obama is a member of Trinity Church which follows the doctrine of Black Liberation Theology, the same as Martin Luther King, Jr. His policy is basically his religion: State religion. The liberation theology is a Catholic offshoot, but based on the belief that God is on the side of the oppressed. Black Liberation Theology believes that God is on the side of the Black man against the white. Liberation Theology also has a Marxist theme to it, thus, "Communist inspired." This is what the sub-prime loan idea is based on too.."spread the wealth..." or "everybody has the right to own a house." Under Clinton new laws were passed that threatened to sue banks that red lined any loans to minorities. The did not even have to prove they made the money the way whites did. It would be called "racist." Now after these assets were artificially inflated and then sold as packages, and on and on, then spinned out of control until they lead to the current crisis. Everybody blames Bush, naturally. The democrats plans are like running into a wall, then, as an "answer," banging their heads against the wall over and over, promising inflated nonsense of someone have a narcissistic delusion(sounds like a mule). The Republcans have no plan either. Depression is on its way...and Rome will buy the US out with gold.
http://www.americanthinker.com/2008/05/obama_black_liberation_theolog.html
www.aacn.nche.edu/Media/FactSheets/NursingShortage.htm - 46k
www.nursingadvocacy.org/faq/nursing_shortage.html - 29k
http://www.snopes.com/politics/soapbox/pelosi.asp
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