Comments on: Beware of Congress's Threat to Tax 401Ks http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/ Fri, 20 Nov 2009 19:57:36 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Sanda http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/comment-page-3/#comment-4731 Sanda Mon, 10 Nov 2008 13:46:30 +0000 http://emac.blogs.foxbusiness.com/?p=214#comment-4731 We're so screwed. We’re so screwed.

]]> By: The Sad Truth Is.. http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/comment-page-3/#comment-4714 The Sad Truth Is.. Fri, 07 Nov 2008 11:44:42 +0000 http://emac.blogs.foxbusiness.com/?p=214#comment-4714 <strong>Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs...</strong> RALEIGH — 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.Triggered by ... Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs…

RALEIGH — 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.Triggered by …

]]> By: Kathy http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/comment-page-3/#comment-4679 Kathy Thu, 06 Nov 2008 17:20:37 +0000 http://emac.blogs.foxbusiness.com/?p=214#comment-4679 My question is this: I am a 52-year old single female and have been paying into SS all my working life (since age 16) and will NEVER see a dime of that money. I am employed full time and in reasonably good health. In mid-September I realized that I couldn't afford to lose any more in my IRA, so I liquidated what little I had left, which would never come close to enough to live off of for even ONE YEAR if I suddenly could not work. At my age, even if I continue to contribute to my 401K at work, I will never ever be able to save enough for retirement. I have until Dec. 14th to roll this IRA money over into some other "qualified - i.e., "government approved" avenue to avoid paying taxes and penalty. I initially considered putting it in T-bills, but now will never put a dime into any government sponsored program. Now I feel the only logical option for me would be to roll it over into short and long-term CDs with my credit union. I would love to cash the check now and tell OSAMA'S Congress to go screw themselves when they come to collect. Can't get blood from a turnip, right?, although I DO own a condo. Can the govt. take that too if I'm living in it? Any advise would be greatly appreciated. My question is this: I am a 52-year old single female and have been paying into SS all my working life (since age 16) and will NEVER see a dime of that money. I am employed full time and in reasonably good health. In mid-September I realized that I couldn’t afford to lose any more in my IRA, so I liquidated what little I had left, which would never come close to enough to live off of for even ONE YEAR if I suddenly could not work. At my age, even if I continue to contribute to my 401K at work, I will never ever be able to save enough for retirement. I have until Dec. 14th to roll this IRA money over into some other “qualified – i.e., “government approved” avenue to avoid paying taxes and penalty. I initially considered putting it in T-bills, but now will never put a dime into any government sponsored program. Now I feel the only logical option for me would be to roll it over into short and long-term CDs with my credit union. I would love to cash the check now and tell OSAMA’S Congress to go screw themselves when they come to collect. Can’t get blood from a turnip, right?, although I DO own a condo. Can the govt. take that too if I’m living in it? Any advise would be greatly appreciated.

]]> By: Danno http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/comment-page-3/#comment-4673 Danno Thu, 06 Nov 2008 14:31:53 +0000 http://emac.blogs.foxbusiness.com/?p=214#comment-4673 This is typical of liberals, tax anything that moves! the liberals, specifically the Democratic party, will do more harm than G.W. Bush to the ecomomy. Remember, its the Congress that cuts the checks, not the president and we've had a Democrat congress for the last two years. Hold on to your gold fillings, they too may be taxed by the neo-coms. This is typical of liberals, tax anything that moves! the liberals, specifically the Democratic party, will do more harm than G.W. Bush to the ecomomy. Remember, its the Congress that cuts the checks, not the president and we’ve had a Democrat congress for the last two years. Hold on to your gold fillings, they too may be taxed by the neo-coms.

]]> By: Tony http://emac.blogs.foxbusiness.com/2008/10/31/beware-of-congresss-threat-to-tax-401ks/comment-page-3/#comment-4666 Tony Wed, 05 Nov 2008 22:34:00 +0000 http://emac.blogs.foxbusiness.com/?p=214#comment-4666 Bob - let's go Bob – let’s go

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