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“SB. 1020, the Savings Enhancement 401(k) Savings Act New Irs agents under Obamacare to confiscate 401k on 5/1/13

 
Anonymous Coward
User ID: 37141495
United States
04/01/2013 07:52 AM
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“SB. 1020, the Savings Enhancement 401(k) Savings Act New Irs agents under Obamacare to confiscate 401k on 5/1/13
its coming
Anonymous Coward
User ID: 36182954
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04/01/2013 08:09 AM
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Re: “SB. 1020, the Savings Enhancement 401(k) Savings Act New Irs agents under Obamacare to confiscate 401k on 5/1/13
That was a 2011/2012 bill. Has it been brought back?
Anonymous Coward (OP)
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04/01/2013 08:12 AM
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Re: “SB. 1020, the Savings Enhancement 401(k) Savings Act New Irs agents under Obamacare to confiscate 401k on 5/1/13
Bloomberg reports that the U.S. Department of the Treasury is officially formulating ways to force a portion of every 401k/IRA account into "fixed payment annuities" -- that is to say, into long-term Treasury bonds. In other words, your retirement dollars would be converted into government IOUs.
Anonymous Coward
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04/05/2013 09:12 PM
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Re: “SB. 1020, the Savings Enhancement 401(k) Savings Act New Irs agents under Obamacare to confiscate 401k on 5/1/13
Cash out now. And don't put it in a bank. But a nice little hobby farm somewhere remote. Make sure you have a well and septic, invest in solar supplies. Get off the grid completely. That's what I'd do with $100K.





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