TS8 Wrote:
Nov 29, 2012 8:02 PM
This has been going around since at least 2008. ---The feds sieze all 401ks-- you pay taxes on the amount siezed at the value on a predetermined date well prior to the siezure and probably much greater than the current value--what's left goes into a federally managed annuity---you get paid what they think your needs are---when you die, any unused funds revert to the government. They will try to make it happen. They'll also probably freeze most plans on the first date it's made public so that people don't take everything out.