http://www.consumerismcommentary.com/pros-and-cons-of-new-401k-auto-enrollment-rules/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Tue, 29 May 2012 02:26:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.consumerismcommentary.com/pros-and-cons-of-new-401k-auto-enrollment-rules/comment-page-1/#comment-122736 Andy Tue, 13 Nov 2007 22:59:20 +0000 http://www.consumerismcommentary.com/2007/11/12/pros-and-cons-of-new-401k-auto-enrollment-rules/#comment-122736 There are a lot of positive possibilities, but if they are going to auto-enroll isn't that like forcing you to pay deferred taxes on money you're opting to keep and invest through some other vehicle taxed at today's rates? I'm sure they'll have an opt-out box. There are a lot of positive possibilities, but if they are going to auto-enroll isn’t that like forcing you to pay deferred taxes on money you’re opting to keep and invest through some other vehicle taxed at today’s rates? I’m sure they’ll have an opt-out box.

]]> http://www.consumerismcommentary.com/pros-and-cons-of-new-401k-auto-enrollment-rules/comment-page-1/#comment-122669 My Dollar Plan Mon, 12 Nov 2007 21:25:05 +0000 http://www.consumerismcommentary.com/2007/11/12/pros-and-cons-of-new-401k-auto-enrollment-rules/#comment-122669 While the target retirement funds may not be the ideal choice, I have a problem with putting the money into a money market fund. What if your 20-somethings that know they have been auto-enrolled ignore the account for 30 years. It would be a shame that their money sat outside the market. It is their responsibility, but if you are going to auto-enroll someone, at least do so in something that is reasonable corresponding to their agegroup. While the target retirement funds may not be the ideal choice, I have a problem with putting the money into a money market fund. What if your 20-somethings that know they have been auto-enrolled ignore the account for 30 years. It would be a shame that their money sat outside the market. It is their responsibility, but if you are going to auto-enroll someone, at least do so in something that is reasonable corresponding to their agegroup.

]]> http://www.consumerismcommentary.com/pros-and-cons-of-new-401k-auto-enrollment-rules/comment-page-1/#comment-122660 Jeremy Mon, 12 Nov 2007 18:28:15 +0000 http://www.consumerismcommentary.com/2007/11/12/pros-and-cons-of-new-401k-auto-enrollment-rules/#comment-122660 There's also the simple hassle factor. I'm not enrolled in my company's plan because it's crappy and has no matching, so I don't see the point. I'd really rather they not auto-enroll me or anything like that. There’s also the simple hassle factor. I’m not enrolled in my company’s plan because it’s crappy and has no matching, so I don’t see the point. I’d really rather they not auto-enroll me or anything like that.

]]>