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To: Republican Extremist

I would be interested in a “red” investment fund. I was contemplating moving my investments to international funds. All my investments are in retirement funds (401k and IRA).

I am also going to maximize my contributions to lower my taxable income as much as possible.


111 posted on 11/04/2008 10:50:17 PM PST by wfu_deacons
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To: wfu_deacons

Before you maximize your contributions wait and see what the Dems plan for 401K’s. At a minimum I think they will do away with the deductibility and at the extreme there are proposals to seize all 401K’s and put them in the social security trust fund (which isn’t a fund at all). The likely outcome will probably be somewhere in between. Hillary proposed during her campaign that the govt should seize 10% out of every 401K. I’m sure that would be means tested somehow so as not to offend voters who don’t have that much put away.

Keep your powder dry and keep cash.


123 posted on 11/05/2008 4:10:58 AM PST by saganite (I for one welcome our new Socialist masters /s/)
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To: wfu_deacons

“I am also going to maximize my contributions to lower my taxable income as much as possible.”

They are going to tax your 401k.


129 posted on 11/05/2008 4:34:19 AM PST by FightThePower! (Fight the powers that be!)
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