In response to:

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

Roberty Wrote: Nov 29, 2012 7:57 PM
How about we cut Congressional wages? How about they cut spending? how much patience do they think we have?
Don6266 Wrote: Nov 29, 2012 9:03 PM
How about cutting their free insurance, retirement plan, too.
MudontheTires Wrote: Nov 29, 2012 11:24 PM
Put them ALL on ObamaCare.

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...