Government is going to be coming for ...

Government is going to be coming for your 401K

Posted in the Las Cruces Forum

Ex- El Paso resident

Las Cruces, NM

#1 Jun 13, 2012
From Wall Street Journal:

Some of the most popular retirement-savings tools are coming under the congressional microscope.

As policy makers gear up for the tax-reform effort expected after the presidential election, they are asking: Can 401(k) plans, individual retirement accounts, and other tax-deferred vehicles be streamlined while getting more traction among people with lower incomes?

House Ways and Means Committee Chairman Dave Camp (R., Mich.)
On Tuesday, the House Ways and Means Committee heard from several experts on the subject.

At the very least, the increasing focus on retirement savings is a reminder that tax treatment of the accounts, once considered permanent, is anything but.

Scottsdale, AZ

#2 Jun 13, 2012
The Congressional created coral is on the verge of being wiped out completely by the reckless parasites at the Federal Reserve and their co-horts on Wall St. Just take a look at the Nikkei in Japan. Down recently to 8200 from its all-time high of 38,600 in 1989.

If you haven't taken back your hard earned money from the Devil yet, good luck.
Richard Wright

South Jordan, UT

#3 Feb 5, 2013
I find it hard to believe that our very own government would think it right to change the terms on solo 401k plans. Hopefully nothing gets passed about this.

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