To: andy58-in-nh
meant to gauge public opinion (hostility) How's this for hostility....they take my 401K and I'll shoot one or two of them.
13 posted on
06/11/2010 12:02:03 PM PDT by
tbpiper
To: tbpiper
But they wouldn't ever "take" your 401(k)... oh, no. They'll just... "protect" it for you from those mean old market forces. You'll still have the same amount of money, but now it'll be in a nice, safe government-backed annuity earning a whopping 2% per annum and you can begin taking that money out anytime you want. Well, not "any time", really. Once you're 68, that is. Oh, and, you can only take out a maximum of 10% per year. And... did we mention: it's fully taxable at your highest marginal tax rate for the year in which it is distributed, which... might be a teensy bit higher in the future, now that the Bush tax cuts are expiring. Oh: and if you die before the funds are exhausted and you don't have a named beneficiary - the balance reverts to the government. See? That's not so bad, is it?
24 posted on
06/11/2010 12:10:05 PM PDT by
andy58-in-nh
(America does not need to be organized: it needs to be liberated.)
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