Bay0Wulf Wrote:
Nov 30, 2012 10:32 AM
Fees and Penalties for early withdrawal are very high. They lock up "your" savings for several years and give you little advantage until they become available. In fact, they're almost like Savings Bonds which are honestly almost worthless as a "Savings" investment. Then there was my concern over the fact that this money would be in plain sight to the Gov. and when they ran out of other "free money" what would prevent them from somehow break into these funds? Right now the talk is of taxing the funds but ... I wonder how long it will be before the Gov stops screwing around and just does the SSI shuffle of taking over the funds and "watching over" & "protecting" them like they have done with the SSI funds?