Somebody needs to ask that question? Sheesh.
So Harris / Biden will dust off this short form 1040...
Yeah, the looter class wants to get their hands on our retirements so they can stuff their own pockets with it.
The guy is nothing but a thief.
They’ve had their greedy eyes on our retirement savings for years.
I always say this over and over - name one Democrat who’s ever had any job in the real world
just one
Just one who’s met a payroll
Just One whose even had a single employee!
It means say good bye to your 401k.
The only thing good about 401k’s is the matching funds from your employer.
He is being spoon-fed policies by his handlers!
Watch this video and see the real Joe Biden - he makes no sense whatsoever!!!
https://www.youtube.com/watch?v=dnafho4KMiQ&feature=youtu.be&ab_channel=frankmarchant
Market staggers and collapses as Joe Biden claims victory.
In Argentina, 2008, the government seized everybody’s 401K plans and spent the money...................
https://www.wsj.com/articles/SB122460155879054331
Must confiscate them as well, Joe.
We know you want to.
If the people vote this guy in, they will get exactly what
they deserve.
Sadly, all those who didn’t vote for him will get exactly
what they didn’t deserve.
I think that might be a “red line” for a lot of people.
As is typical, the process proposed by Biden and the dems is way too complicated for the average person to follow.
As I read it, the nuts and bolts is this: Your deferred compounding of investment in the 401k will be taxed. This means if you are going to be taxed at 15% upon withdrawl, that net tax rate will be significantly higher over the life of your investment.
The 401(k) is the ONLY way that middle class working families will be able to put enough away to have a decent retirement. Now, you will have to work longer to put away the same amount, and due to the lessened real compounding, if you are middle aged...you will NEVER grow at the rate high enough to hit your target.
I guess you can sign up for one of the 7.1 million new age tech jobs to work at night.
If Republicans brought up the danger to 401ks if the Democrats get control they will easily win the WH, House and come close to 60 in the Senate.
A few “Kiss your 401Ks good bye” commercials like the Throw Grandma off the Cliff SS commercials the Dems did would do it.
But for some reason they won’t, just like they will never bring up how Kamala git her start or all the kids Joe inappropriately touched.
I guess it’s more important to be gentlemanly and get invited to the Bloomberg cocktail parties then try and win and save the country.
Somebody needs to ask that question? Sheesh.
So Harris / Biden will dust off this short form 1040...
With the elimination of the 401k (and I assume similar other types of plans), they can start going after all those 401k balances, probably...maybe offering to "manage" it for you.
Any time you see a buzz phrase like “Unity Task Force,” be afraid. Be very afraid.
Worst case scenario for the USA if Biden wins the presidency and the liberals will take over.
First deep recession if not a depression,,,,,other world economies to follow,,,,world wide collapse of the American Dollar as the World’s Reserve Currency and is replaced by the Chinese Renminbi. China is limited in choices to maintain leadership and the Renmindi as the Worlds Reserve currency since the American Taxpayer can no longer support China. The American Dollar will be worthless or similar to the Peso and the Libs will never be able to recover. Their only hope is a Socialist Government without the Constitution to attempt to correct the American lawless Society but will be fruitless and the USA will become a third world country.
I am already planning ways to get my money out of the 401K and into my wallet before biden gets to it.
What’s that mean?
Nothing. When asked about it, he will say, “I never said I was going to do away with retirement accounts.”
He throws bones to the radicals and then denies it to the press. It’s not a new tactic. I’m sure we can all remember when Obama was against gay marriage, etc. and the Left knew better and elected him.
Makes sense.