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To: Orangedog
And this is why I'm going to have a hard time feeling sorry for anyone still paying into these things when they get nationalized.

Knowing what is coming, many people are not putting anything into them anymore. But how does one avoid getting their 401k steamrolled? If you have 200k in a 401k and you can only take out a max of $10000 twice per year, pay the taxes...and pay a 10% penalty on top of that...how exactly does one get the dough out of the way of the Gubmint's new freight train?

44 posted on 12/06/2012 6:41:41 AM PST by Bloody Sam Roberts (Political correctness does not legislate tolerance; it only organizes hatred.)
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To: Bloody Sam Roberts
...how exactly does one get the dough out of the way of the Gubmint's new freight train?

Gonna be very tough to do, especially with the NEW $100 bills coming out next year.

52 posted on 12/06/2012 7:20:08 AM PST by Roccus
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