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To: Fred

I would not bet on it, I have also suspended contributing to 401K until dems determine if they will suspend 401K tax advantage.

I am maxing roth contributions instead, as I have for years.I am leaving 401K as it is for now.

I realized 5yrs ago that govt would go after after 401K accounts, too much money that they could not have at their disposal.

On side note .... Barack going after windfall tax on oil profits, is good sound bite works well with his constituency. But most of oil profits are tied up in 401k and Roth investments. (there have been numerous posts about same over same for last 9 months or so)
I doubt that his retired constituents are going to want to lose their savings to his policy.

When I told my fin advisor same she told me I was nuts/delusional. I spoke with fin advisor today, fin advisor apologized for those comments.

I am sure if they get 401k deduction cancelled, the next one will be the roth.

If that happens I will need to find some other vehicle to invest .
The other possibility is that wealth holders will have had enough and deal with problem some other way


95 posted on 11/06/2008 1:08:26 PM PST by Nailbiter
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To: Nailbiter

Sensible, I have been doing same for years, almost there on the movement from 401k to roth. The DIMS are so evil and conniving they may very well go after the roths along with the 401ks.


103 posted on 11/06/2008 1:12:04 PM PST by Fred (The Democrat Party is the Nadir of Nihilism and Obummer is a WHINING marxist)
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