UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: telegraph Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757320  
Subject: Re: Obama wants your 401K/IRA Date: 2/23/2013 12:35 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
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.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (29) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement