401(k)s under attack!

re: 401(k)s under attack!

Kuttie_Since_78 — Tue, 09 Jun 2009 16:36:52 GMT

So the government ISN'T going to "force" me to participate, they are just going to take away the tax advantages that incentivize participation in my plan...which will make me look for a more attractive place to put the money which WILL be that ill-though of GRA...booooooo the crowd jeers

re: 401(k)s under attack!

wayne — Fri, 08 May 2009 14:10:25 GMT

WE ALL NEED TO PULL ALL OUR CASH OUT OF THE BANKS THEN THE GOV. CANT STEAL IT ANY MORE . WHAT A BUNCH OF SWINE OUR GOV. HAS BECOME , GET YOUR MONEY OUT NOW

re: 401(k)s under attack!

wayne rochat — Fri, 08 May 2009 14:05:49 GMT

the prinicpal finincal account for my 401k , is holding my money and wont give it to me . dont put any more money in a 401k if you ever want to see it again , they are real nice till they get your money

re: 401(k)s under attack!

iolani — Mon, 16 Mar 2009 17:43:48 GMT

I like how the author tries to qwell the "FEAR" of Confiscation but yet admitsthat the govt is looking to end tax benefits of 401K. How is this not confiscation? It is FORCING people into a different arena that is equivalent of "Corraling" those who use 401K into the new proposed GOVT guarantee...like govt guarantees are worth anything........

re: 401(k)s under attack!

YOGI — Sat, 21 Feb 2009 09:27:42 GMT

I AM ON PURPOSE WRITING IN CAPS.....STUPID OR OPPORTUNISTIC BORROWERS GET TO BE PART OF STIMULUS PACKAGE, SO WHAT HAPPENS TO MY 401K OR 403B LOSINGS ON AMERICAN COMPANIES? ARE WE NOT CONSIDERED N PAR WITH OVER-ZEALOUS MORTGAGE BORROWERS? WHAT HAPPENS TO OUR RETIREMENT?

re: 401(k)s under attack!

william scott — Fri, 14 Nov 2008 14:03:27 GMT

Quoted from Guaranteed Retirement Accounts Toward retirement income security

b y Te r e s a Gh i l a r d u c c i

Participation. Participation in the program is mandatory

except for workers participating in equivalent or better

employer defined-benefit plans where contributions are

at least 5% of earnings and benefits take the form of life

annuities.

the word mandatory really sticks out to me

re: 401(k)s under attack!

Mike Kruger — Thu, 13 Nov 2008 21:18:53 GMT

Thank you for being on top of this story and not letting the rumors go unchallenged.

Here is the truth:

We are not considering proposals to take away your 401(k), tax your 401(k) or force you into a government program. Plain and simple.

In fact, Chairman Miller is working to preserve and strengthen 401(k)s. He wants to ensure that 401(k)s adequately protect workers’ nest eggs by disclosing hidden fees that are eating into Americans’ retirement accounts. And, because older Americans stand to suffer the most from the economic downturn, Miller has called for the suspension of the unfair tax penalty for seniors who don’t take a minimum withdrawal from their depleted retirement accounts.

If you want to know more about what Chairman Miller is doing to make sure that American workers can enjoy a safe and secure retirement, go to our website: edlabor.house.gov/.../strengthening401ks.shtml

Mike Kruger

House Education and Labor Committee

re: 401(k)s under attack!

vic — Wed, 12 Nov 2008 18:05:00 GMT

There is no doubt that under Bush we were on the a road of Fascism and now on we are on the road to Socialism. This is the evolution of Capitalism.

re: 401(k)s under attack!

me — Wed, 12 Nov 2008 04:24:14 GMT

Urghhh!!

some much for work hard and you will succeed. It is now work hard and you will still get poked on the behind.

re: 401(k)s under attack!

DON COSTLOW — Wed, 12 Nov 2008 02:08:18 GMT

WELCOME TO OBAMA - PELOSI- REID LAND - I PREDICT THAT THE 52% THAT VOTED FOR OBAMA ARE NOT GOING TO BE VERY HAPPY IN ABOUT A YEAR OR LESS!!!!YOU GET WHAT YOU DESERVE - STUPIDY IS NOT A EXCUSE.