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To: Kaslin

What does Dave say about the Government coming after 401K and IRA accounts to fund Obama’s National Retirement System? You bet I am cashing out penalty or not!


3 posted on 11/27/2012 6:33:16 AM PST by dpetty121263
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To: dpetty121263; Liz; stephenjohnbanker; SierraWasp; BOBTHENAILER; tubebender

“What does Dave say about the Government coming after 401K and IRA accounts to fund Obama’s National Retirement System? You bet I am cashing out penalty or not!”

Dave’s advice was right on target up to the above dangers re a national retirement system.

We got this advice years ago from our accountant, and she was right then and up to now.

However, if the Obozo Thugs/Pelosi/Reid convert our IRAs and 401ks to a national retirements system and pay us based on “need determined by them”. It might best to cash out IRA’s to pay off mortgages.


4 posted on 11/27/2012 6:40:50 AM PST by Grampa Dave (Tagline space for rent to pay for some of my extra taxes the next 4 years!)
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To: dpetty121263; Grampa Dave

If I’m not mistaken, doesn’t the penalty go up to 20% come January 1, 2013?


5 posted on 11/27/2012 7:22:15 AM PST by beaversmom
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