The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Obama wants your 401K/IRA||Date: 2/23/2013 12:35 PM|
|Author: telegraph||Number: 672755 of 756364|
vermonter:"Vermonter:""No way can, or would, ANYONE, of either party, try to take away your 401k or IRA money! ""
They did it in Argentina too!.....
You really think your money is 'safe'?
They could simply come up with the Emergency Finance Bill of 2014. Your money will be either
a) converted to the government savings plan (annuity)
b) you pay the full tax on withdrawal in one year and take your 'own money' and do with it what you want. Of course, with the amount of money, you'll be in the 39.6% marginal tax bracket, plus another 3% ObamaKare tax, plus your state and local taxes - so half of it will disappear.....but....that's only 'fair'.
You didn't earn that money. The government let you earn it.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|