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To: Red Badger

“”Fewer than half of the working public currently have access to a workplace-based retirement plan, so the hearing will address ways to encourage more employers to sponsor – and more employees to participate in – 401(k)-type plans, individual retirement accounts and other vehicles, while maintaining and protecting the existing programs and savings that millions of Americans are counting on for retirement,” according to a statement from the Finance Committee. “


and, by law if they do not have access to a 401K plan they can make a tax deductible contribution to a personal IRA....

what’s funny is they want to 1) means test for social security and reduce the benefits for the “rich” 2) considering capping the amount of $$$ the “rich” can personally fund their own retirements....hysterical...


11 posted on 09/14/2011 7:59:06 AM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: God luvs America

What you wanna bet that if you have a 401(k) plan, the govt will suspend your SS payments until you run out of funds. If you die before that, they seize it..........


17 posted on 09/14/2011 8:12:11 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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