If you confiscated 100% of 401ks, the national debt would go from 33T to 30T probably.....and lots of traitors would be hanging from lampposts.
They want your 401K’s, Roths and IRA’s and Keoghs......................
I cashed out all my 401k’s. My “inflation hedge” and retirement plan is to have no debt - including no mortgage - and be able to live on practically nothing. Currently, I can live on SS alone and still save four digits every month. I really love Kentucky. So far...
Exactly what we expect. I see no way to shelter what we saved all our lives.
Someone way smarter than me pointed out that they won’t touch the 401k money directly. They’ll print money so fast it will melt the presses. Inflation will be the tool they use to steal our 401k money. And nothing will stop them.
Lurking in the back of our minds is what we know will be the only solution.
Not a pleasant one, but a necessary one.
If we do not rise to the occasion, we deserve what we get/
When they come for me, i got a Colt SAA and a winchester lever gun in each hand.
That is the least of our problems. We need to remedy.
600 more votes for Kelly Ayotte the last time around would have made the difference today but then who cared enough? That’s why I’ll stand up for Susan Collins but not Murkowski. It will get worse before it gets better and it didn’t have to come to this. The democrats hate each other and we’ll have to play on it.
I wish I could find the Article, but under Junior Bush a Law was passed giving the Treasury dept the Authority to SEIZE Retirement Assets in an Emergency
Bleeding to death by a thousand cuts (freedoms, money, etc.) is about to be bleeding to death by bludgeoning.
401ks are largesse from the government.
What government giveth, government WILL taketh.
The Democrats intend on converting our 401k money to approved investments only.
The only tax savings will be seen in investments tied to TBills and US Bonds, only.
That conversion will be “marked to market” immediately to the gen-fund.
The best you will make is 3% tax free.
Galt Gold.
The 401K pot is akin to a topped off feed hopper in the largest of swine lots. It is only a matter of time until it’s decided that everyone should share in this.
Why isn’t this labeled “vanity”?
We’ve entered the darkest part of our country’s history.so far. It’s time to pray hard. O Lord give us providential protection for our lives,liberty and especially our faith in You. Provide a stumbling block in front of our enemies and give us the strength and courage to endure the onslaught of evil actions by Satan’s disciples. I ask these desires be granted with grace and with Your ultimate wisdom. Amen
The Democrats have now stolen control of the government. What remains to be seen is if this Democrat party is made up of the old, incompetent over reachers who will screw up their victory, or a newer, more sinister group of progressives who will power their way to public compliance. I’d like to think this is Biden’s old party of idiots, but I fear that Obama and other anti-Americans are running this and they won’t make the same mistakes they did in 2009 and 2010.
they can’t “take” our 401k’s because it’s not theirs to take, its basically like a savings account. They can change how they are taxed, but that’s it.
TOO OLD TO SEND MONEY??
So you donate nothing here and nothing to Trump’s defense?
I didn’t know there was an age where you were too old to donate money.
You have a 401k so unless there’s 100 dollars in it, you’re in better shape than many.
And next time type that it’s a VANITY
Unless you took over the site and I missed it
The week that Obama was sworn in, I liquidated my 401Ks and IRAs. I cost me a wad in taxes, but it’s now all mine.
I did find out that the bank’s financial advisor who was overseeing the IRA, had shuffled it through 7 different financial institutions to hide it. It took me almost 6 months to get the cash back. The advisor is in prison for embezzling, because my inquiry led to a general review of the accounts he was managing and uncovered many embezzled accounts.
The 401(k) is an IRS law, and the communists have been demanding we forfeit them for social security. I believe the 401k is a goner by summer.