In response to:

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

mbeverly Wrote: Nov 29, 2012 10:44 PM
Has anyone seen the movie or read the book Hunger Games? In case you didn't know that book/movie is based in America. The government is located in Colorado, that was how they won, based on the information out of the book. The movie doesn't identify the location of the civil war that broke out, at least I didn't notice it when I watched the movie but then read the book and was amazed. This government is so corrupt and there are so many people that refuse to see this as the truth that I think this book may switch from fantasy to reality very soon. But, hopefully it will be the citizens not the government that wins the war. Really tired of "Elected Government Officials" stealing from me and my family.

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...