Obama's After Your 401K | |
Anonymous Coward User ID: 25823089 United States 04/12/2013 01:35 PM Report Abusive Post Report Copyright Violation | WOW! This administration is getting way out of hand!!! Quoting: MamaHasAwakened How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die? Well, be careful how much you save The White House explanation is that some people have accumulated "substantially more than is needed to fund reasonable levels of retirement saving." So Mr. Obama proposes to "limit an individual's total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million for someone retiring in 2013." [link to online.wsj.com] NEWS FLASH IT'S ALREADY GONE!!! Anything TIED to the STOCKMARKET IS GONE!! Sorry :( |
chaakin
User ID: 16564767 United States 04/12/2013 01:59 PM Report Abusive Post Report Copyright Violation | Dear Mr. Obama: Please get your spending and savings under control you fucking hypocrite!! How dare you try to tell me how to handle money when you're running this country into the ground with reckless spending that resembles a 15 year old girl with her first credit card at the mall. Fuck you, Average Joe Citizen. |
MamaHasAwakened
(OP) User ID: 5426767 United States 04/12/2013 02:11 PM Report Abusive Post Report Copyright Violation | WOW! This administration is getting way out of hand!!! Quoting: MamaHasAwakened How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die? Well, be careful how much you save The White House explanation is that some people have accumulated "substantially more than is needed to fund reasonable levels of retirement saving." So Mr. Obama proposes to "limit an individual's total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million for someone retiring in 2013." [link to online.wsj.com] NEWS FLASH IT'S ALREADY GONE!!! Anything TIED to the STOCKMARKET IS GONE!! Sorry :( Thats what Im afraid of!! |
MamaHasAwakened
(OP) User ID: 5426767 United States 04/12/2013 02:12 PM Report Abusive Post Report Copyright Violation | Dear Mr. Obama: Quoting: chaakin Please get your spending and savings under control you fucking hypocrite!! How dare you try to tell me how to handle money when you're running this country into the ground with reckless spending that resembles a 15 year old girl with her first credit card at the mall. Fuck you, Average Joe Citizen. I feel your pain! |
Anonymous Coward User ID: 15897184 United States 04/12/2013 02:44 PM Report Abusive Post Report Copyright Violation | |