Working hard, saving .... WARNING

[usa1]

http://www.aarp.org/content/dam/aarp/research/public_policy_institute/econ_sec/2012/option-means-test-social-security-benefits-AARP-ppi-econ-sec.pdf
 
http://longtermcare.gov/costs-how-to-pay/paying-privately/reverse-mortgages/
 
Dirty little secret … Are you working hard, saving money in your 401k, trying to payoff your home? Well according to a Rep at Fidelity you may be wasting your time and money. Obamacare is set up to make Medicare and Social Security “means testing” much easier for the government to administer.
 
The guy who works hard, saves and builds equity will be “means tested” and in retirement will not receive a healthcare subsidy, will not receive what he thought he was entitled to from social security. For his healthcare he will be ask to pay three times what those that squandered their money will. He will have to use his home equity via reverse mortgage and his 401k retirement to cover 100% of his inflated healthcare and to subsidy the guys that did not save?
 
It does not pay to work hard and save in America any longer? Read the links!  

 

[southwind]

How "DID" you think the Demorats are able to give their supporters "Free Stuff"!

 

[usa1]

One click of their mouse southwind .... and the IRS now has a snap shot of your home equity, 401k, stocks and bank accounts etc. Means testing ready to roll! And it's not a DEM -vs- REP thing, they're both on board. The new America, wealth redistribution, from those that save to those that do not? 

 

[delldude]

One click of their mouse southwind .... and the IRS now has a snap shot of your home equity, 401k, stocks and bank accounts etc. Means testing ready to roll! And it's not a DEM -vs- REP thing, they're both on board. The new America, wealth redistribution, from those that save to those that do not? 

 
These are proposals the same way a proposal was discussed to confiscate all retirement savings including 401K's a few years ago. Right now its talk........Its also a good time to tell your officials where you stand on this BEFORE it ever sees the light of day.
 

 

[SIZE=medium]On Nov. 20, 2007, Theresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, presented a paper proposing that the feds eliminate the tax deferral for private retirement accounts, confiscate the balance of those accounts, give each worker a $600 annual "contribution," assess a mandatory savings tax on every worker and guarantee a 3 percent rate of return on the newly titled "Guaranteed Retirement Accounts," or GRAs.[/SIZE]

[SIZE=medium]How would that be accomplished?  The Carolina Journal [/SIZE][SIZE=medium]reported[/SIZE][SIZE=medium] Ghilarducci's 2008 testimony to Nancy Pelosi's House.[/SIZE]

[SIZE=medium]Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers' personal retirement accounts "including 401(k)s and IRAs" and convert them to accounts managed by the Social Security Administration.[/SIZE]


Read more: http://www.americanthinker.com/2013/02/the_feds_want_your_retirement_accounts.html#ixzz2pvwRuzff
 

 

[Dog Wonder]

If they can't take your guns they will take your money.

 

[usa1]

No wonder they are planning for civil unrest
 
https://www.google.com/search?q=cival+unrest.&oq=cival+unrest.&aqs=chrome..69i57j0l5.1005j0j7&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8#es_sm=122&espv=210&q=civil+unrest+in+america

 

[Glenn Quagmire]

Get back under your bed, it is very scary out here.

 

[Dog Wonder]

The monsters under there keeps kicking him out.

 

[delldude]

Get back under your bed, it is very scary out here.

 
LOL....better wake up Mr Koolaid.
 

 

[yoyodyne]

If they can't take your guns they will take your money.

+10000000000

 

[usa1]

First the corporation raided our defined pensions, now if the government raids our 401k's and the food stamps stop who knows what will happen . 

 

[NewHampshire Black Bears]

Jesus,......I wonder if Lucky Lucciano, Carlo Gambino or John Gotti ever had any TAXABLE assets ?
No wonder the Mafia...always used safe-deposit boxes.....Hmmm !