To: SeekAndFind; Travis McGee
I'm a Financial Advisor, but mainly do institutional fixed income. My wife thinks that Obama will go after 401k, and she would rather take a 10percent hit and cash out, but I explained to her the ugly truth of government confiscation would probably have a retroactive period on it....therefore, they will try to get those that cash out, or give a 50% penalty.....
Either way, I think they might get the next civil war if they try to do this.
5 posted on
03/16/2012 6:24:13 AM PDT by
DCBryan1
(Tagline removed at the request of someone who doesn't "get" Monty Python or Shakespear.)
To: DCBryan1
Yep, that would push a lot of folks over the edge.
6 posted on
03/16/2012 6:30:24 AM PDT by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: DCBryan1
Which is why they are going to use inflation to steal bank accounts and 401k’s.
The stock market is so unstable, you could lose your lifetime earnings very quickly.
Gold can be confiscated or win-fall taxed to death.
It might be that the best investments right now are education for you or family (real degree’s) or a investing in your own business.
Either that or just spend your money now and get the full use out of it...
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson