Skip to comments.T'S OFFICIAL YOUR IRA's and 401K's ARE ABOUT TO BE CONFISCATED
Posted on 10/16/2010 1:40:03 PM PDT by MODELSHIPS
T'S OFFICIAL YOUR IRA's and 401K's ARE ABOUT TO BE CONFISCATED
(Excerpt) Read more at giveusliberty1776.blogspot.com ...
blog pimp much? If you have a point to make, post it here. No one wants to pump up hits to your blog.
They can have MY MONEY when they pry my cold, dead hands from my wallet.
“Those who are Unwilling to accept Government Run Retirement Accounts, will be Stripped of their Current Account Tax Benefits... You’ll be Forced to Pay Taxes on your Holdings, Automatically Wiping Out 35-45%of Your Money!”
Well, I set up my 401(k) as “after tax”. I figured by the time I retired, the tax rate would have gone up from when I first started putting it in 21 years ago.
Scariest article I’ve read and I read them all. So, they take IRA’s and promise 3% back in installments? Then, when you die they keep it?
When it comes to this topic, I say the more the merrier that are getting word out; blogs or no.
No need to panic.
How did you do that? How can I find out if mine is set up for "after tax" or not? And if it's not, how can I change it?
It’s not official. And screaming like Chicken Little is juvenile.
Okay I'm doomed to destitution.
Now what blogger?
I'd be inclined to ignore it, but for the fact it is JUST the kind of idea that really would appeal to Obama and his fellow marxist travelers - the ultimate in income redistribution.
I know they have been eyeing this option, but in the blog there is no sources cited to the fact this is imminent or that the details given come from something we can all examine more carefully.
There is nothing “official” in this blog post at all! It is an OPINION...crap. I don’t think this belongs on the “news/activism” page...put it in the blog/chat area as an “IMO”. (in my opinion)
I guess it all depends on your company. If you go through your work for your 401(k). If it’s through your company, call your benefits coordinator. If not, call whomever administers your 401(k).
However, this is one massive difference between the two - the money in social security are orphans - they belong to everyone and no one. hence, in 1960, the Supreme Court said there was no contract between an individual and the government. But the IRA and 401 funds are individually own and this can be documented from start to finish via both private and federal paperwork.
This means every IRA and 401 account is private property since every cent is individually accountable. Any attempt, and IMHO there will be, to steal that money will be defeated in the courts just like the recent defeat for ObamaCare in the Florida federal courts.
If the judges are pressured into accepting the federal position of its its fair or income imbalance needs to be addressed the judges will be the first to see tar and feathers.
Oh, but he should pimp his blog. It’s a very important blog. It must be. Look at how he SHOUTS at us.
Well that’s right. But, to call it ‘official”....irresponsible. We need to warn people to vote the dems out; because this is one of the things they COULD do...if they continue on unchecked and with total power. I can not help but think these elections are going to be rigged. The dems are too calm. I think they plan on
“winning” no matter what. They are going to pull a Christine Gregoire.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.