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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 683060  
Subject: Re: Obama wants your 401K/IRA Date: 2/23/2013 12:35 PM
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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'?

Heh heh

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)

or

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.



t.
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