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To: ConservativeWarrior
I think they'll get at your 401k through income taxes. If you have XX amount of 401k savings, your tax rate is the usual plus YY percent.

They will find a way to "even the retirement field" by penalizing those of us who have saved for retirement, while offering tax breaks to those who have not.

They may even be so bold as to adjust social security payouts according to an individual's 401k situation.

I think you're exactly right.

21 posted on 05/05/2010 7:41:57 PM PDT by Ken H
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To: Ken H

I have been withdrawing my fairly modest IRA funds to spend on restoration of my old farmhouse in order to remove the funds from possible vulnerability to seizure. This year my wife and I are being forced to contribute larger amounts to Medicare deductions from our Social Security income, due to our “higher income status”. Redistribution of wealth is here. They will get it one way or another.


22 posted on 05/05/2010 7:54:33 PM PDT by 19th LA Inf
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