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To: Toddsterpatriot

They should allow 401k plans, both employer provided and individual, the option of converting all funds to a regular savings account every 5 years. Remove the 10% early retirement penalty and offer a flat 15% tax rate and you’d see over 6 trillion in 401k balances convert providing a tax windfall for the government and a huge savings for retirees.


15 posted on 09/07/2013 6:57:50 PM PDT by RockyMtnMan
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To: RockyMtnMan

6 Trillion dollar? Not sure about that, you see the 401k “locked up” was never intended to be release. It’s the govenment piggy bank just waiting for rainy day.


23 posted on 09/07/2013 7:19:06 PM PDT by Orange1998
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