Yet another large "trust" fund from which to steal money.
They'll have to somehow tank the equities markets first - and then come in and "rescue" those who have lost huge sums of money for the second time in as many years.
LOL!
Seriously, it’s frightening how accurate you’ve been. Your boss needs to pay you more. (Driver carries no cash, treasure’s in Heaven.:))
Of course this was coming. They need the 401K money to pay the social security payments of the Baby Boomers that are retiring - that is, until they can use denial of Medicare benefits to kill them all, that is.
SEIU members don’t get the generous 401K benefits that office workers, et al. get. Therefore, it’s time to spread the wealth.
I will cash it out, and roll the entire thing over into my IRA. Of course, look for them to come after the IRA’s next.
Tank the markets? Well, this probably won’t help:
“The legislation would for the first time apply Medicare taxes to investment income received by these households, beginning in 2013. The 3.8 percent rate would apply to unearned income such as realized capital gains, dividends, interest, rents and royalties.” (Business Week, March 22)
I believe this tax was added so as to postpone the Union payments until MUCH later.
They take our wealth away and we have less to fight them with.
Hungry people will fall for any thing.