I wonder if putting it in a 401K rollover would be safe? People have tons of those out there and it’d be harder for the gov to track them all down, I would think. Some people have annuities in their rollovers (they can’t be bought in 401Ks) - that’s why I’m thinking rollovers might be exempt. Forcing someone to sell an annuity early, taking all the outrageous fees - would really reduce the value of it. I”m sure there will be some legal issues involved with the government forcing this action.
I’ll check out the rollover thing. I’m afraid that money
anywhere may be “up for grabs”. I’m still working but
with the announced cuts in defense, maybe not for long.
“I wonder if putting it in a 401K rollover would be safe?”
What do you mean by safe? Save from losses? If you are thinking that please do a lot more research on what a 401K is. It is NOT an investment. 401K is A TAX TREATMENT. IT IS NOT AN INVESTMENT.
“People have tons of those out there and it’d be harder for the gov to track them all down”
Duh, no.
“Some people have annuities in their rollovers (they can’t be bought in 401Ks) - that’s why I’m thinking rollovers might be exempt.”
Annuities in a tax exempt fund? Who ever does that needs to sue the person that sold it to them. It is THE dumbest thing I can think of in 99.99999% of the cases. Annuities are the biggest rip-off out there.
“Forcing someone to sell an annuity early, taking all the outrageous fees”
Annuities are an example of economic darwinism.
“I”m sure there will be some legal issues involved with the government forcing this action.”
Yeah, pass a bill in congress and have the president sign it. That is all that it takes. Congress gives 401K (remember the are just parts of the TAX CODE) and takes away at will.