We're all gonna die. |
Posted on 11/06/2007 12:06:53 PM PST by RolandTignor
I was wanting to get everyone's opinion on: "What will happen to 401k accounts and the falling dollar?" Thanks
Or down.
Or stay the same.
They’re going to lose value but not because of the falling dollar but inflation. Especially after Hillary taxes retirement accounts at 15% off the top like she said.
I guess I will know in about a week.
Depends on what you are invested in.
We’re doooooooooomed!
401K’s have always been the pot of gold the Feds would come for sooner or later.
My foreign fund has been doing very well.
They’re going to lose value but not because of the falling dollar but inflation. Especially after Hillary taxes retirement accounts at 15% off the top like she said
15 percent is not bad. I think they are 25 percent now. Perhaps your figures are off....or maybe mine are. lol.
They will fluctuate!
Just my opinion but I think that was the plan all along. Get folks to save up a ton of money so the govt would have a honeypot to raid when the right time came.
Can you link me to that quote, or what debate it was said in?
Yep, but every time the US market coughs, Asia and other markets aren’t far behind.
Foreign funds have been rocking this year.
If you are living in USA, not much short term, but if long term inflation takes off as a result of weak dollar, you will be in trouble. You can invest in international stock funds (mine has ARTIX) as a hedge against falling dollar, but that assumes global indexes will continue to rise. Another good idea is to get into large cap comapnies/funds which have large share of sales in international market. McDonalds is making good money overseas, and when the profit is brought back here and converted into US$, the returns will be even better. GE,Boeing, etc are other large caps with int’l exposure, My own 401k is more heavy in cash at current time due to my distrust of the political outcome next year. 1/3 cash, 1/3 int’l, and 1/3 large cap, mid cap, and small cap growth is where I am at currently. Depends on your risk tolerance.
We're all gonna die. |
You’re talking about the money being taxed when it’s withdrawn after retirement. I’m talking about taking 15% right off the top of everyones account no matter what their status is.
Yea, I’d like to see it too.
That is 15% off the top before you get taxed for income tax.
They can try but the redemptions are going to be a big source of income for them anyway. If they start screwing with 401Ks then they tank the stock market.
No, I see more upper income taxes and dividend penalties coming our way.
“401K’s have always been the pot of gold the Feds would come for sooner or later.”
First they rolled SS into the general fund. Now that SS is broke, they have to be salivating looking at 401ks. I’m going to be very angry when they raid mine.
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