Fox News this morning is reporting the White House wants you to invest 25% of your 401K in Govt bonds, the safer choice. Please, is anyone but Will buying this crap?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Heard of this scheme a couple months ago. With what, about 2.5T in 401K's, just sitting there, it's killing them. Given the option, I would have to decline, I've done fine in the last 38 years on my own. I earned the money, I took the risk, and I will invest and spend it as I see fit.
I think if this ever went into law it would be time to pull out of the 401K plan and go into a Roth. 25% would steal most if not all company matching. Then throw in the mandatory withdraws later in life and they get a lot of your savings.
What are the mandatory withdraws later in life? Does the first one begin at 72? How much of the 401k must be pulled?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
With what, about 2.5T in 401K's, just sitting there, it's killing them.
Amen. From what we saw in the last economic meltdown and in the ensuing government response, investing in other nations might actually be safer for a number of reasons. Isn't that twisted?
Govt wants to protect your 401K
