In response to:

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

raydg Wrote: Nov 30, 2012 10:19 AM
The LORD giveth and the Government taketh away. In 1933 FDR took our gold and we did get the right to own gold back, but for how long?. What makes you think that they wont take all of our retirement savings? This crop of politicians will, I repeat, will take whatever they can to keep in power. Unless we do something now, we are on the road to a communist government.
Thasic Wrote: Dec 01, 2012 6:35 AM
What do you suggest? I'm about ready for anything, even armed revolt. This is becoming ridiculous. The audacity is mind numbing.

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...