Wow, that was painful

[KCFlyer]

It's not even paper. It's electrons and databases. One really good virus and i will be flat broke

For those of us in our 50's and below...I think we will watch the last of the people who could "retire comfortably" pass away. Then it will just be a memory. Oh...there will be a few who can retire and live the life of leisure...but not a group like our folks.

 

[southwind]

Believe me brother, for myself i wish they gave me a choice of where to put my 7.5% But there are people, like my mother, who worked most her life but because of ww2 only had a second grade education. If not for ss, She would be on the street panhandling. But for me? I prefer to have control.

Don't fret Brother...........BaRack and his posse will confiscate your 401K, very soon, under the guise that they can manage it better than you !

 

[Glenn Quagmire]

Don't fret Brother...........BaRack and his posse will confiscate your 401K, very soon, under the guise that they can manage it better than you !

Just where did you get that from?

Confiscate your 401k?

Is that what Herman told you this morning on his show?

 

[RDU Jetblast]

I hear it from my local radical who is months ahead. He is so convinced, he does not participate in our 401k. He buys gold coins

 

[777 fixer]

Just where did you get that from?

Talk radio.

 

[southwind]

"So hold on to your wallet. Congress has many options when it comes to tapping this vast reservoir. It could eliminate the deduction altogether or just for top earners, further restrict the amount that is deductible (currently $17,500; for those over 50, $23,000), start taxing retirement savings growth, or take back the part that has grown tax-free.
In the throes of a retirement savings crisis, none of these options is appealing. But that last one is most troublesome. At stake is any savings that has accrued tax-free in a Roth IRA. Tax-deferred growth could be a target too if you find yourself in a lower tax bracket in retirement. There is no discernible momentum behind such measures. But a retroactive tax on this sheltered income has been a worry from the start. And now these accounts have a meaningful total—and everything is on the table.
Hmm !"
http://business.time.com/2012/11/28/fiscal-cliff-why-congress-might-have-to-mess-with-the-401k/

Don't think for a moment BaRack isn't eye-balling all that money, just stiin' there, when it could be given to people who don't want to earn it !

 

[Glenn Quagmire]

You forgot to include the part where it says Obama and his posse are moving to take away our 401k. Or did I overlook that in your article?

 

[Dog Wonder]

Or the "lack of discernible momentum" in his quote.

Chase your tail.
Bite yourself.
Repeat.

 

[southwind]

Or the "lack of discernible momentum" in his quote.

Chase your tail.
Bite yourself.
Repeat.

That one of the tricks, your master taught you ?

 

[Dog Wonder]

That one of the tricks, your master taught you ?

In your case, the only trick you know.