In response to:

The Great Grab Has Begun

votedagainstcarter Wrote: Apr 13, 2013 9:17 AM
If you have a 401k or IRA you NEED to liquidate it NOW and take the penalty. At least this way you will get a larger percentage of YOUR MONEY. As within the next two years obama and company WILL take it ALL.

President Obama recently released his 2014 budget and, of course, everyone focused on the aspect of spending.  In fact, it was almost like the magician who diverts your attention to their right hand while the trick is being set-up with their left hand. 

Much to the credit of the mainstream media, they found the little item — capping IRAs — on page-18 of the budget, which is a very good source of revenue with an estimated $9 billion over the next decade. 

Yet, unfortunately, the media has once again missed the important point.  It’s not just IRAs, but...