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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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To: revtown
From what I've heard, that is one of the proposals - to seize all 401K's assets (your and my private property - with the carrot that they would value them at some August level), and fold them into the SS fund, and pay you the glorious return of 3% annually, with inflation (as defined by them) adjustment. (I wonder what would happen if you died?) And then dole out the funds as they see fit after you retired, after withholding taxes of course.

Want a revolution - go there you stinking commies.

32 posted on 11/05/2008 5:30:43 PM PST by GregoryFul
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