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#3045699 - 11/23/12 08:48 AM Re: here they come for you 401k [Re: Hangnail]
10 Point

Registered: 10/25/05
Posts: 2984
Loc: southwest iowa

Only in America, you won't have to work and still get paid right up to the day you die from the government!
#3045776 - 11/23/12 09:58 AM Re: here they come for you 401k [Re: iowavf]
de novo
10 Point

Registered: 07/21/08
Posts: 3992
Loc: Middle TN

You will get a much better ROI by placing cash under your mattress or burying it in your yard. Too many public pension funds do not have the money they have promised. So for the public good the government will eventuallty take your retirement money and spread your wealth. It's all part of doing your fair share.
“Reality is what continues to exist whether you believe in it or not.” 

“The further a society drifts from truth the more it will hate those who speak it.”

#3045848 - 11/23/12 11:41 AM Re: here they come for you 401k [Re: de novo]
8 Point

Registered: 11/25/07
Posts: 2068
Loc: Old Hickory, TN

Well now that the SCOTUS has ruled that the government can force you to buy something it is never ending what they can come up with...
Laws that forbid the carrying of arms disarm only those who are neither inclined nor determined to commit crimes. Such laws make things worse for the assaulted and better for the assailants. - TJ

#3045876 - 11/23/12 12:40 PM Re: here they come for you 401k [Re: Jer]
12 Point

Registered: 11/06/02
Posts: 6835
Loc: savannah, tn., usa

So how do we beat this. i have worked too hard too save it too give it too someone else. Draw it out and pay the penalty before they take it?
X Force is Bad!
Let em go and let em grow!
There is a difference in a turkey killer and a turkey hunter!

#3046303 - 11/23/12 07:15 PM Re: here they come for you 401k [Re: muddyboots]
16 Point

Registered: 09/18/00
Posts: 15402
Loc: Atoka ,TN - USA

 Originally Posted By: muddyboots
So how do we beat this. i have worked too hard too save it too give it too someone else. Draw it out and pay the penalty before they take it?

I believe in the sun....even when it isn't shining

I believe in love....even when I don't feel it

I believe in GOD....even when HE is silent

#3046628 - 11/24/12 06:56 AM Re: here they come for you 401k [Re: RutMan]
8 Point

Registered: 05/13/12
Posts: 1470
Loc: Mboro, Tennessee

Well it may be getting time to look at other countries to hide assets in
#3048916 - 11/25/12 09:44 PM Re: here they come for you 401k [Re: Hangnail]
16 Point

Registered: 11/21/07
Posts: 15532
Loc: Tampa FL

The Second Amendment - George Washington didn't use free speech to defeat the British, he shot them.
"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine

#3049092 - 11/26/12 06:05 AM Re: here they come for you 401k [Re: FLTENNHUNTER1]
12 Point

Registered: 01/01/08
Posts: 6126
Loc: Clarksville, Montgomery Cnty

And these retirement plans will be managed by an organization that cannot manage a budget and spends more than it makes. For us normal folks, when the times have gotten bad, what have we done, tapped our IRAs and other retirement plans to help pay the bills. If this goes through, I can see the govt debt going down as our govt sponsored 401s get tapped to bay the bills.

Lets pass on another legacy plan to our children and grandchildren to pay our bills.

#3049513 - 11/26/12 11:06 AM Re: here they come for you 401k [Re: 44fanatic]
16 Point

Registered: 01/13/03
Posts: 10489
Loc: Warren Co

Government sponsored 401K retirement plans were a HORRIBLE idea from the get go. It took me a LONG time to realize and I have lost the better part of $100K in contributions and opportunity over the years.

Anytime the government has a "plan" or "program" look through the alleged benefits to the end result. Government knows better than anybody how to herd people and their money into the slaughter house. Money flows and moves. "give" us a tax "break" on our own money and people will flow trillions of dollars through a system designed to continually skim off a piece.

No need to confiscate property or retirement accounts, simply give the people a tax "break" and institute some rules on where the money can go and POOF! you have created the next mega-bubble. The government just plants a few taxes, fees, and regulations along the way and they can skim BILLIONS or TRILLIONS of dollars out of your retirement without us realizing it. Meanwhile congress knows where they money will be flowing (since they set up the rules) and invests heavily in those areas making millions with near zero risk. The rest of us get to work, sacrifice, scrimp, save, and lead frugal lives in preparation for retirement.
If you can't trust people with freedom, how can you trust them with power ?

#3051305 - 11/27/12 10:28 AM Re: here they come for you 401k [Re: fishboy1]
10 Point

Registered: 08/25/01
Posts: 2992
Loc: Pamelot, my farm near Catoosa


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