I'm serious. I contribute to my company's plan.
“Obama’s victory means that industries such as oil and gas producers, utilities and pharmaceuticals may face greater regulation and even taxes, while labor unions and automakers are expected to benefit.”
I am moving all my funds into Fanta Grape Soda and Funyon stocks...Oh yea, manufacturers of menthol cigarettes.
When you have an administration that is going to "fundamentally change" our system, you can not know what to expect.
Will my Roth IRA still build value tax-free? Doubt it.
Will my IRA contributions still be tax-free? Probably not.
Will life insurance proceeds remain tax-free? Don't count on it.
In fact, I would bet there will be discussions about "nationalizing" the life insurance companies (you talk about a HUGE chunk of money) and rolling those assets into Social Security. That way we don't have to rely on those "greedy insurance companies".
"Fundamental" comes from the same root word as "foundation". When you change things in a fundamental way, you change the foundations on which societies are built.
Welcome to the New World.
Pay off your morgage. Get out of debt. The european model of bankruptcy is in the wind. Think debtors prison.