Quote:
Originally posted by Moses
Lendaddy, one of the problems with a 401K plan is that, like Social Security you are partnered with the Federal Government. Since they have provided the tax deferrment on your 401K plan, they can also revoke it at any time. It has already been discussed, but never made it out of committee. Can you imagine if the Feds decide that anyone with a net worth of more than X dollars is no longer "entitled" to the tax benefits of the 401K plan they funded for twenty years?
Think it can't happen? Wait until the entitlements have doubled and the economy tanks a bit.
P.S. I know it's frustrating, but don't go grabbing for smokes!
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Moses, I see what you're saying but the government will always have the ability to tax us and our retirement funds regarless of how they are structured. I like my idea because it gets their filthy friggin mitts off my money right away via a proven program.
No smokey for me, been too long now
