To: groanup
They wouldn't be taxed when they HAVE to withdraw their qualified money at age 70 1/2. As it is now the HAVE to take their money out so Uncle Sam can get his. Nice, huh?Think about what happens in 2016 as the baby boomers hit age 70. Consider the effect on the stock market of 75 million people removing $3,000 per month from the stock market as required by ERISA. Crash time.
89 posted on
05/29/2005 9:37:26 PM PDT by
Myrddin
To: Myrddin
Think about what happens in 2016 as the baby boomers hit age 70. Consider the effect on the stock market of 75 million people removing $3,000 per month from the stock market as required by ERISA. Crash time. I've heard this for years. I'm not so sure that's a problem. I could be wrong.
92 posted on
05/29/2005 10:00:49 PM PDT by
groanup
(http://fairtax.org)
To: Myrddin; groanup
Consider the effect on the stock market of 75 million people removing $3,000 per month from the stock market as required by ERISA. Crash time.
He's admittedly already placed some of his elderly client's investment money at risk...this isn't something he wants to hear now.
94 posted on
05/29/2005 10:09:48 PM PDT by
lewislynn
( Is calling for energy independence a "protectionist" act?)
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