re: Do you ever worry that your retirement or savings will be taken away?

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Yes, age. They were "guaranteed" an amount after 40 years, but now they are deducting 20% for not being 62.

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Without knowing the original plan, that may have always been the case. School systems are similar with an age and service time requirement.

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They already are taxed.

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The fear is the earnings being taxed down the road.

This is why I own real estate in Monaco, London and Sydney. Why don't you?

I think you overestimate how many people have any sort of savings. I think within 50 years there will be massive support to seize wealth.

We are going to see a huge crisis in the next 10 years as baby boomers continue to retire with nothing saved.

If that happened, your money would be worthless anyway and the country/world would fall into a state of total anarchy. It would devolve into mad max type shite very quickly if a financial collapse of that magnitude occurred

So don’t worry about it.

I’m on the same retirement system as the politicians in my state and feel pretty safe by default, because no way are those douchebags gonna screw themselves.

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No, but I have some minor concern that extreme inflation will render it mostly worthless.

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If you're heavily invested in stocks they should rise with inflation no?

We still have a president who advocates redistributing the wealth. He's distributing it upwards. Acting like republicans haven't done their share of wealth redistribution is ignorant at best and dishonest at worst. We actually see the effects of that one given the state of wealth distribution in this country.

All they have to do is manufacture a crisis. They are really good at it.

The "Massive Happy Good Bill" will be passed to help alleviate the effects of the next cyclical downturn.

Buried in the bill will be taxation on Roth IRA's at a very small percent, and only for "rich" people. The language of the bill will be such that future increases in that tax are at the discretion of the executive branch.

Increases in the tax will continue because the people being fricked are less than 50% of the voting populace.

It will happen slow enough that no "blood in the streets" or "I will exercise my 2nd amendment" will happen.

It won't be a swoop of the IRA's. It won't but a sudden seizure. It will be a slow incremental seizure. It will be a "tweek" to the tax laws for the good of the country, followed by more "tweeks" here and there.

Credit unions are the future