Would Obama, Dems Kill 401(k) Plans?

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Just wonder how much the professor has made and lost in the stock market and how this would affect her 401(k). I bet she already has hers socked away off shore somewhere.

mrky of TX 9:49PM January 11, 2013

Ummm, didn't we already try this in a differnt way? Social Security is already a tax that was meant for retirement.

NotAgain of TX 2:54PM November 29, 2012

Earnings are transferred into 401K BEFORE taxes, and taxed when you withdrawal from your account. People took a big hit when stocks plummeted 4 years ago before Obama was even elected. Now people are holding onto their 401k in hopes of regaining some value, therefor the government is losing out on collecting taxes. IF this plan was put in effect it would only require workers to contribute 5% to this government fund, basically forcing everyone to contribute to some sort of retirement fund it's no different than paying unemployment and social security tax except you would be guaranteed to get it back with interest. I'm so tired of the mob mentality as of late, democrats aren't trying to take your 401k's or your guns, merely exploring options to better accommodate American workers after they retire. If you want to save on retirement fund taxes, put your money in a roth IRA.

Sarah of PA 6:20PM October 09, 2012

So now we need an additional retirement on top of Social Security because our representatives have stolen most of the money and then watered down whats left with false CPI numbers. We'll start a new system (while still paying into the old system), and what happens when our idiot congressmen get their hands on that? Will we start a 3rd system that they will then steal too?

Stupid is as stupid does of KS 8:16PM July 19, 2011

3% return over inflation? Based on who's inflation numbers? The 0% reported as CPI, or real inflation at 10%? If you go by CPI, this would be a guaranteed 7% loss of your money every year.

Angry Taxpayer of CA 8:14PM July 19, 2011

Black Obama's inflation and poor fiscal policies have forced us to deplete our retirement savings. Black Obama and his tax-and-spend henchmen will be pissing up a rope if they go after our 401K.

JayShelley of CA 9:30AM June 04, 2011

....."guaranteed retirement accounts for every worker" is a blatant lie. I have no doubt this will be used to also support every lackey who has no desire to work, but rather sit back and collect the dollars that the government is robbing from hard working people to give to their laziness. Also, as another continuing, illegal trend set by Congress, this measure will naturally exclude the members of Congress.

David of WV 9:53AM January 14, 2011

They should be stopping the Unions from blowing large amount on campaigns, then they would not have to come after my 401k.

jeff of PA 1:44PM November 01, 2010

$10000 at 3% compounded yearly $32,620.38 after 40 years
$10000 at 7% compounded yearly $149,744.58 after 40 years
$10000 at 3% yearly compounded monthly $33,151.49 after 40 years
$10000 at 7% yearly compounded monthly $163,114.11 after 40 years
details.

Russ Lemon of CA 6:27PM October 24, 2010

The Nobles will decide what you get regardless of what you earn. The King will take what he wants and shall do as he pleases. You must know your place and keep it or lose your head.
Prima Nocta will regin and all the good people shall be happy. All other can eat cake.

J. Roane of FL 4:45PM October 21, 2010