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To: Red Badger

Did you contribute to the plan with before tax monies or after tax monies?

Because if you put you money in before taxes you’re going to get hosed when you go to withdraw those funds or they are converted to a government annuity. There will be huge taxes due on the entire amount.

So I point to all of those who said I was stupid for investing on my own, with after tax monies.


49 posted on 10/23/2008 8:42:12 AM PDT by Ouderkirk (I will not vote for Obama not because he is black, but because he is RED)
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To: Ouderkirk

It will make absolutely no difference whatsoever whether it was “before” or “after” tax monies because the dems will seize all of the 401(k), IRA, ROTH IRA, and Keogh plans and replace them with IOU’s called Government Bonds. Upon retirement you cannot “cash them in”. Instead they will give you an annuity check until you die. At which time all leftover asset revert to the government, NOT YOUR LOVED ONES! So, if you die the day after you retire, your wife and children get ZIP!...........This is THIEVERY, PLAIN AND SIMPLE!!!!!!.............


64 posted on 10/23/2008 10:14:16 AM PDT by Red Badger (My wallet is made out of depleted you-owe-mium........)
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