In response to:

Fiscal Cliff Idea: How About We Tax Your 401k?

B.11 Wrote: Nov 29, 2012 6:26 PM
We'll all be lucky if 0bama and the democrats don't just confiscate all retirement savings and promise to "integrate' it all back into your Social Security payments. And if you just said to yourself "THAT can't happen" just go bang your head on the wall. If the democrats regain control of the House, ANYTHING could happen.
Joycey Wrote: Nov 29, 2012 6:38 PM
You can live in fear or you can go down fighting. The Republicans did not fight in the election and now they are going to sit with their hands folded some more hoping they will be reelected for bringing America the Beautiful to her knees.

It takes courage to do the right thing. FEAR of failure results in failure.

How do you feel about the government touching your private retirement account known as your 401k in order to "pay down the deficit?" Not so good? Already feel like the government has stolen your retirement through Social Security? Well get ready because taxing the 401k is floating around as an idea while the fiscal cliff talks on Capitol Hill continue.

One of the earliest fears about tax-favored savings accounts like IRAs and 401(k) plans was that when this pool of savings grew large enough Congress would not be able to resist tapping it to help solve the...