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To: volslover
I haven't started a 401k yet and this is the exact reason. The socialists have been talking about this for years and now they are close to having total power.

That's not to say I don't save. I do, but I my savings is very liquid.
10 posted on 11/03/2008 3:58:30 PM PST by randomhero97 ("First you want to kill me, now you want to kiss me. Blow!" - Ash)
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To: randomhero97

You haven’t started a 401k. How about IRA or Roth IRAs?
I haven’t heard the commies talking about them yet, but they are very similiar to 401k’s..

FWIW: If the rules don’t change (Big if with the commies coming) a Roth IRA is a good deal.

I’ve been putting money in a 401K for as long as I remember. I had a good chunk of change in there until a month ago. And I plan on leaving it there 10-15 years more.

I can see them changing future 401K rules. If they make us take money out that’s been put in there already, that’d totally suck. Sell at the bottom (a new bottom after the market tanks, DOW 2000), pay extra high taxes (current income + the deferred) and a good chunk of my future gone.


19 posted on 11/03/2008 4:09:54 PM PST by revtown
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