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Old 02-04-2013, 06:07 PM   #21
LittleBlueLW
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Originally Posted by fairfaxgator View Post
Those who voted for Romney? :li e:
Good one. But I'd keep my day job if I were you.
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Old 02-04-2013, 06:17 PM   #22
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They are always looking for more and more ways to get into the pockets of the American people.
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Old 02-04-2013, 08:39 PM   #23
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of they could be opening up the TSP to everyone. thats a deal many would take
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Old 02-04-2013, 09:22 PM   #24
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True or untrue, Could anyone imagine a worse management group than the spendthrifts in DC? It is ludicrous.
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Old 02-04-2013, 09:29 PM   #25
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Watch for that to happen and it be a law that you have to put in a certain % after they take it over.

I would wager that if they went after this, there would be a revolution. It's one thing to strongarm the 1%, it's another thing to try it with the other 99%. People will only take this so far before they reach a breaking point.

If I could, I'd already be in Chile where I have friends not only retiring on SS but also starting new careers in agriculture. Where it takes months here to start a business, you are in business the moment you start it there.
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Old 02-04-2013, 11:12 PM   #26
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Originally Posted by LittleBlueLW View Post
Good one. But I'd keep my day job if I were you.
Thanks...i will perform at Gator Growl 2013...
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Old 02-04-2013, 11:27 PM   #27
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I would wager that if they went after this, there would be a revolution. It's one thing to strongarm the 1%, it's another thing to try it with the other 99%.
sad part is that a majority of people these days probably have little to nothing in private retirement accounts so the outroar might not be as big as we hope it would be.
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Old 02-04-2013, 11:31 PM   #28
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So now the tax and spenders want to "manage" our retirement money? As if they're even close to trustworthy? I'd like to see what budgets that they have implemented have worked in the past..............

Oh wait, they still haven't passed one single budget, because all they know how to do is increase spending and taxes. You know damn well the Dems would use our retirement funds as another ponzi scheme to squander our retirement and over tax you before you get a chance to safeguard your money.

No thanks - the government is the last entity I want near anything I own, especially money.
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Old 02-04-2013, 11:36 PM   #29
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Quote:
Originally Posted by g8orbill
I cashed in both our 401K's last year -will pay the tax and the penalty -I won't say what I did with the money but you can be assured I am dong something to keep washington's hands off it
Ouch. Ours kicked butt last year. '12
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Old 02-04-2013, 11:49 PM   #30
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So has anyone been able to find any actual substance behind this, or is it still just the one partial quote with no context?
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Old 02-08-2013, 10:42 PM   #31
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Originally Posted by magnafides View Post
So has anyone been able to find any actual substance behind this, or is it still just the one partial quote with no context?
http://money.usnews.com/money/blogs/...ill-401k-plans

This article speaks to some specifics

http://money.usnews.com/money/blogs/...man-in-america

http://online.wsj.com/article/SB122662401729126813.html

Perhaps not a total takeover but forcing every worker to contribute 5% to another plan run by the Gov! Really, sounds like more theft to me.

"force them to invest 5% of their pay into a government-run retirement account managed by the Social Security Administration"
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