accnodefense Kennesaw St. Fan Member since Dec 2010 2104 posts
re: Here They Come! Why Congress Might Have to Mess with the 401(k) (Posted on 11/29/12 at 4:06 pm to accnodefense)
Also Rush Limbaugh was talking today about a plan to seize everyone's 401k and retirement accounts, and put the money into government bonds at 3%. So basically the government gets the money first, up front.
Some frick face is going to bring this idea of some form to the floor eventually, which is why house Republicans need to hold firm.
Also 401k money is taxed, because in your paychecks you are taxed in gross pay.