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#3044497 - 11/22/12 05:19 AM here they come for you 401k
Crappie Luck Moderator
Non-Typical


Registered: 01/29/03
Posts: 59429
Loc: Smith Co.

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http://www.theminorityreportblog.com/201...irement-system/
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No matter how big your house is, how big your bank account is or how big your car is, you grave will be the same size as everyone else's.

- Keep it real

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#3044516 - 11/22/12 05:44 AM Re: here they come for you 401k [Re: Crappie Luck]
Beekeeper
Good ol' Boys "Team Buckcreek"
16 Point


Registered: 08/26/09
Posts: 11736
Loc: McMinn Co. Tennessee

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Another socialist program.
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Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.
Benjamin Franklin (1706-1790)




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#3044528 - 11/22/12 06:13 AM Re: here they come for you 401k [Re: Beekeeper]
Wildcat
Non-Typical


Registered: 06/10/00
Posts: 41294
Loc: Western Ky.

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Here's what it adds up to. Say you put away $200 a month into your 401K plan and have been doing it for years, that's YOUR money. Wither it comes of anything down the road or not has always been YOUR responsibility. It might be worth twice what you put in on worth nothing, that's up to you.

With a govt controled 401 retirement plan you will get something but so will the people that don't put in as much as you. It will NOT be like Social Security, they have already said that will never happen. What really happens is PART OF YOUR $200 you put in will not only come back to you but it will also go to the guy that put in $50 a month. In other words YOUR money will be going to support YOU and the OTHER GUY.
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A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison





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#3044574 - 11/22/12 07:29 AM Re: here they come for you 401k [Re: Wildcat]
muddyboots
12 Point


Registered: 11/06/02
Posts: 6832
Loc: savannah, tn., usa

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I knew it was coming.
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X Force is Bad!
Let em go and let em grow!
There is a difference in a turkey killer and a turkey hunter!

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#3044716 - 11/22/12 09:24 AM Re: here they come for you 401k [Re: muddyboots]
FLTENNHUNTER1
16 Point


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

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That's okay, my 401k is right next to my shotgun. Come and get it.
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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





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#3044765 - 11/22/12 10:05 AM Re: here they come for you 401k [Re: FLTENNHUNTER1]
Rebel
TnDeer Old Timer
12 Point


Registered: 03/16/99
Posts: 5115
Loc: East Tennessee USA

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Yep - I knew it was coming too. I may start just contributing the minimum to get the company match. I'll then take out what's already in ther, take the 30% hit and then buy junk silver. Not sure what else to do...
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Good night Chesty, wherever you are!

Tolerance is a virtue of those who believe in nothing.

Deo Vindice

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#3045126 - 11/22/12 05:11 PM Re: here they come for you 401k [Re: Rebel]
Kirk Moderator
Farmer and Gunfighter
16 Point


Registered: 08/07/01
Posts: 10138
Loc: Cleveland, TN USA

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I have watched just about all my motivation to work anymore evaporate in the last two weeks.
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#3045293 - 11/22/12 08:15 PM Re: here they come for you 401k [Re: Kirk]
AndyW
10 Point


Registered: 10/21/10
Posts: 4123
Loc: Allardt, TN

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 Originally Posted By: Kirk
I have watched just about all my motivation to work anymore evaporate in the last two weeks.


On the flip side, I've never been more motivated to try to become part of the evil 1%.
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This fall, FIRE THEM ALL. Re-elect NO ONE!!!!!

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#3045348 - 11/22/12 09:08 PM Re: here they come for you 401k [Re: AndyW]
youngandfree
6 Point


Registered: 09/26/12
Posts: 650
Loc: Greene County, Tn.

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I done that a little over a year ago. having a "Plan B" that is recession proof and actually benefits from Obamacare and the baby boomer generation wanting to be moreproactive about their health has been a God-send to me and my family.being able to work full time, and build a legacy income in my spare time is nice.
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"When you buy someone's opinion, you buy their lifestyle"
REAL,PERMANENT Weight-loss thru REAL Nutrition
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#3045682 - 11/23/12 08:37 AM Re: here they come for you 401k [Re: youngandfree]
Hangnail
12 Point


Registered: 11/30/00
Posts: 7063
Loc: Murfreesboro, TN

Offline
I think Clinton brought up tapping private reatirement accounts back in the early/mid 1990's. There were a couple of liberal congressmen that took the ball and ran with it until they were shamed into letting it go. The day will come when YOUR retirement will be yours only to the point the government allows you access to it. The reason I think this is what is the chance that the 47% is going to stay 47%? It's gonna grow like a freakin weed.
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