I’ll burn my wealth, or bury it far in the sticks, before the state gets it’s hands on what I’ve saved...
Well, do they WANT a civil war? They’ll get one.
Ah the annuity! That’s what they will do. The average American will not understand what an annuity is.
The bastards will take the money and put it into annuities. They will tell the public that they will get a guaranteed income. What they won’t tell the public is that when they die, the government gets it and gives it to people who never worked but vote democrat.
Beautiful plan. And the sheep will line up to give their all to an all-powerful all-knowing and all-caring government, knowing that the government cares and will take care of them until the government-paid doctor puts the needle in.
Okay. Solutions? How can we get our money out of there (I’m 50)?
I don’t trust anything this government says.
We need to discuss.
If the debt crisis goes as expected by many and the pukes in DC keep printing money, then the dollar will collapse and the money in 401Ks will be worth nothing.
Those who are already well off like Michael Moore, George Soros won’t be affected by this but will ensure that you will work until you are ready to drop dead. I know people who were smart in saving money and retired like at 50 or 55. I forgone getting a bug McMansion and chose to live in a 1800 ft^2 house so I don’t have a mortgage and be able to save more money so I can drop out of the rat race much sooner than like 70 years old.
Voting or not voting has consequences !
Always with democrats, anyone who works smart or think for themselves always are targeted for ostracism and punishment where as those who aren’t well off might be left alone.
That’s retroactive slavery.
I’ll fight to the death before they steal my retirement.
That’s retroactive slavery.
I’ll fight to the death before they steal my retirement.
Boomer Bust!
Of course, it will first be "demanded" by "the people" via the MSM after endless stories of "43 million without coverage".
That template has already worked wonders.
That’s when the shooting starts.
It’s almost time.
Yeah, but it's not money, it's power that they're after.
There will be a market crash either naturally or manufactured. There will be media outrage to alarm citizens from the evils of The Wall Street. The Wall Street is run by the rich who gamble with and cheat people out of their life savings.
They will roll out select welfare queens to shout to the world to show the world how unfair it is for rich people to have money to save when she has to rely on government assistance to feed her fatherless children.
Why risk your nestegg on risky Wall Street schemes when you can invest in the good ole USA?
Initially, ALL companies will have to offer government approved investment vehicles. Eventually, that will be your only choice. You will be forced to move your money into these “funds” that are managed by a new Office of Retirement Affairs. You will be required, as will your employer, to contribute a minimum percentage to the plan.
Welfare will now include a retirement plan. The recipient will receive statements showing how much savings have been deposited and how much they have “earned.”
Anyone with a current IRA or old 401k can either cash it out and pay a prohibitally large penalty or convert their holdings to the new savings plans.
Welcome to the future.
Labor Unions in the PUBLIC SECTOR know that the public (those who pay taxes) are getting VERY sick and tired of all the bloated payrolls, over-paid un-productive Union members, money-laundering of Dues to elect Democrats and get even MORE benefits, wages, perks, etc. APPROVED, and now are so under-funded that they can't count on future Pensions. To assure the Union Members and the Union Bosses even MORE money available, they basically will rob all Americans who have saved their money for their OWN Retirements, and put THEM on the Public Dole.
Now, they are whining because parasitic-inner-city-tribal members, Illegals (who soon will be granted Amnesty), and ALL Union Members can count on voting Democrat forever, because they will recieve Pensions (that's what they're calling them), which are just extended Welfare into their Senior years, while they saved NOTHING and contributed NOTHING to the "Pension" in the first place.
I guess they figure that Senior Citizens won't rebel with armed confrontation, and it's a "Go".
You wonder WHY the Government Departments have been stockpiling ammunition now????
Not convinced this will happen. It cannot happen by executive order and would have ti pass the House. That will not happen.
If it does I will withdraw my funds and take the hit.