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To: Libloather
So what are the tax rules on these new accounts? Tax deferred now but taxable on withdrawl like 401ks? Will they be vulnerable to the threats of early taxation like the Dems were talking about a few months ago?

invest it very conservatively, in inflation-indexed savings bonds,

Hey, get a 0% return.

money market mutual funds

Oooo, skyrocket up to 0.1% if you're lucky.

5 posted on 07/11/2009 7:36:02 PM PDT by KarlInOhio (Fannie Mae, Freddie Mac, AIG, Chrysler and GM are what Marx meant by the means of production.)
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To: KarlInOhio

In 5 years a 100 billion might buy you a loaf of bread.


6 posted on 07/11/2009 7:40:12 PM PDT by Lets Roll NOW
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To: KarlInOhio

You nailed this proposal:

invest it very conservatively, in inflation-indexed savings bonds, - Hey, get a 0% return.

money market mutual funds - Oooo, skyrocket up to 0.1% if you’re lucky.

We have TIPS in our IRAs as hedges to when the 0b0z0 inflation takes off. There have been Zero/no/nada dividends for a long time.

My wife still has a small sum in Government Money Markets in her John Hancock 401k from her employer, (Since she is over 65, she rolled over 98% of that 401k to her IRA last year). Its return in the last quarter was a minus after the funds management costs were deducted. She keeps contributing to her 401k not for these negative returns, but as a tax shelter re her contributions and the 50% matching contributions from her employer.


17 posted on 07/12/2009 6:56:27 AM PDT by Grampa Dave (Does Zer0 have any friends, who are not criminals, foreign/domestic terrorists, or tax cheats?)
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