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Obama's After Your 401K

 
MamaHasAwakened
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User ID: 5426767
United States
04/12/2013 01:29 PM
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Obama's After Your 401K
WOW! This administration is getting way out of hand!!!

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]

Last Edited by Keep On Truckin on 04/12/2013 01:31 PM
Anonymous Coward
User ID: 25823089
United States
04/12/2013 01:35 PM
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Re: Obama's After Your 401K
WOW! This administration is getting way out of hand!!!

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]
 Quoting: MamaHasAwakened


NEWS FLASH IT'S ALREADY GONE!!!

Anything TIED to the STOCKMARKET IS GONE!!

Sorry :(

hiding
chaakin

User ID: 16564767
United States
04/12/2013 01:59 PM
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Re: Obama's After Your 401K
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
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Re: Obama's After Your 401K
WOW! This administration is getting way out of hand!!!

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]
 Quoting: MamaHasAwakened


NEWS FLASH IT'S ALREADY GONE!!!

Anything TIED to the STOCKMARKET IS GONE!!

Sorry :(

hiding
 Quoting: Anonymous Coward 25823089


Thats what Im afraid of!!
MamaHasAwakened  (OP)

User ID: 5426767
United States
04/12/2013 02:12 PM
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Re: Obama's After Your 401K
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.
 Quoting: chaakin


hf


I feel your pain!
Anonymous Coward
User ID: 15897184
United States
04/12/2013 02:44 PM
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Re: Obama's After Your 401K
.
... been out there for quite some time already ...
.





GLP