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To: Jewbacca
In sum, because I have done without and contributed the maximum permitted by law into my 401K, I am screwed.

People were warned - government strings are attached to the tax deferral, so the government considers those accounts their property until all taxes due are paid.

They have been planning this for a generation - as a last resort, perhaps, but last resort time has arrived.

22 posted on 05/04/2010 7:57:53 AM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: Mr. Jeeves

I remember my brother 30 yrs ago asked his finacial guy about these “free” govt ira’s etc...he told him the govt doesn’t give away anything for free...prophetic....


95 posted on 05/04/2010 9:22:47 AM PDT by cherry
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