[Rushtalk] Is your 401K about to be nationalized?
tom.matiska at att.net
Wed Mar 20 17:07:00 MDT 2013
My first guess is the govt will soon tax all unearned income in the form of SS offsets. Every 2 dollars of unearned income (pensions, 401k, stocks dividends, etc) above a certain limit will cause you to loose 1 dollar in SS bennie's...... similar to the way earned income is treated now.
It will be so easy...... we will be "saving SS" with a harmless little mean testing that targets only the top x percent... then watch were that ends. In a few short years one dollar in the mattress will be better than two dollars in the portfolio.... don't have too much visible wealth.
--- On Wed, 3/20/13, Paf Dvorak <notmyname at thatswaytoomuch.info> wrote:
From: Paf Dvorak <notmyname at thatswaytoomuch.info>
Subject: [Rushtalk] Is your 401K about to be nationalized?
To: rushtalk at csdco.com
Date: Wednesday, March 20, 2013, 5:33 PM
WASHINGTON, February 3, 2013 The $19.4 trillion sitting in personal retirement accounts like the 401K may be too tempting an apple for a government that is quite broke, both monetarily and morally. The U.S. Consumer Financial Protection Bureau director Richard Cordray recently mentioned these accounts in a recent interview, stating “That’s one of the things we’ve been exploring and are interested in, in terms of whether and what authority we have.”
Read more: http://communities.washingtontimes.com/neighborhood/politics-blue-collar/2013/feb/3/your-401k-about-be-nationalized/#ixzz2O7NYaXTO
notmyname at thatswaytoomuch.info
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