Anybody else hear the rumblings about the Democrat thoughts on 401K's? Wow that sounds like a GREAT idea!
You mean this;
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081007/REG/810079894
Don't like it. Mess with my 401k and I will find a way to hide it in Nevis or the Cayman's.
Yup. I particularly love this snippet:
"Congress should let workers trade their 401(k) assets for guaranteed retirement accounts made up of government bonds."
Social Security phase II anybody? And we know how that money disappeared down the Congressional sink hole. I also heard that part of this plan is to 'mandate' (that's another word for tax I believe) 5% of your salary to this 'guaranteed account'. Wonder how long before that is offset by 'refundable tax credits' for 'working families'?