Obama Begins Push to Confiscate IRA’s & 401k’s
http://www.freerepublic.com/focus/news/2960535/posts?page=96
To: rocksandbroncs
NOBODY SHOULD PANIC ON THIS AND DO STUPID THINGS LIKE IMMEDIATELY CASHING IN ALL THEIR IRAS & 401KS—AND TAKING THE IMMEDIATE & LARGE TAX HIT. If you are in a position to do so, you can begin (possibly gradually) to move any existing retirement funds from “traditional IRAs” to Roth IRAs. If your tax & financial situation allows it, try to put any new IRA contributions directly into Roth IRAs. If your 401K plan has a Roth 401K component, go that route for new contributions or as big of a percentage of your new contributions as you can. If your 401K plan doesn’t currently have a Roth component, lobby your employer to have one established—he/she could benefit also.
55 posted on Sat Nov 17 2012 06:55:26 GMT-0600 (CST) by House Atreides [ Post Reply | Private Reply | To 1 | View Replies | Report Abuse]”
What about the above advice from House Atreides?
And notice the article being commented on (and other related articles) seems to all go back to the “seniors council”, wherever they are.
(Seems like another “cottage industry” is springing up, this time raking in donations to keep 0 from messing with the retirement accounts.)
Also look at David’s posts on that thread. Very informative.