[Old Teufel Hunden]

From the highlights in the article, these are all good proposals and it’s talking about the Democratically controlled house!!

I’m thinking the pushing back of the age of withdrawal to 72 has to do with the baby boomers and ameliorating a huge some of money being taken out of the market anytime soon and have an adverse affect on the markets. They are such a large block of people/investors that it could have an effect if they all took their investments out at once and moved it to something more secure from stock based mutual funds to bonds.

Someone in this thread was talking about how the Dems would love to get their hands on all of that 401k money (taxwise). I’ve thought that for years. Remember the “haircut” that the island of Crete implemented to solve their financial woes? That ‘haircut’ in America would be accomplished with our 401k accounts.

[sloanrb]

Argentina already did this in 2008 under Christine Kirshner. The government seized all the retirement accounts and took over management of them.

[norwaypinesavage]

"They are such a large block of people/investors that it could have an effect if they all took their investments out at once and moved it to something more secure from stock based mutual funds to bonds."

That's already allowable right now. IRAs and 401Ks allow funds to be transferred at any time from stock to bonds, as long as they are not withdrawn improperly.