401k news

md4958 · 10-27-2008, 09:58 AM

to which all workers would be obliged to contribute.

Quote:

Originally Posted by N2Advnture

Just found this:

so i guess it is obligitory... my bad

10-27-2008, 10:33 AM

This kind of activity within our government just BURNS me!!

BigAl_SC · 10-27-2008, 10:47 AM

As a small business owner, this would also kill the SEP's. I've averaged about 10 % over the last 15 year (access to a large off market employee owned company) so this would kill any plans for early retirement.

stitch · 10-27-2008, 10:57 AM

If Congress controls it, Congress will raid it.
Just one more way for them to steal our money..
But then, Then know whats best for us don't they.

rrplasencia · 10-27-2008, 11:30 AM

i'll have to look for the link it's moved since friday but i actually watched c-span for 2 hours while it happened. Mark's post actually sums it up pretty well. even if they don't get this exact version passed any variation of this is a bad idea. the last half hour of c-span i saw (i know i'm hooked

) was some other proposal to tax ammo by 500% since supreme court is upholding right ro bear arms.

zmancbr · 10-27-2008, 11:49 AM

As long as it is optional I could care less... but believe me I know what to do with my money better than our government does. 3% is absolutely terrible... I am a high risk investor and keep all of my stuff in high risk/return funds to maximize my yields while I am still younger... The last thing I need is to get that replaced with a 3% gain per year?

N2Advnture · 10-27-2008, 11:52 AM

Quote:

Originally Posted by rrplasencia

...the last half hour of c-span i saw (i know i'm hooked

) was some other proposal to tax ammo by 500% since supreme court is upholding right ro bear arms.

Good grief....btw - at least we know they are Chris Rock fans

stitch · 10-27-2008, 11:56 AM

Quote:

Originally Posted by rrplasencia

some other proposal to tax ammo by 500% since supreme court is upholding right ro bear arms.

THAT is Exactly why I've been loading and stocking my own for 20+ years!

zmancbr · 10-27-2008, 12:24 PM

I wish politicians would learn that taxing anything to death means people will go to extremes to get it elsewhere...

What do they think will happen if they add the SCHIP tax to cigars? All they are going to do is put cigar vendors and B&Ms out of business here in the states... and more people will buy via the internet and have them shipped in... it is a lose/lose for everyone involved...

rrplasencia · 10-27-2008, 02:24 PM

Quote:

Originally Posted by stitch

THAT is Exactly why I've been loading and stocking my own for 20+ years!

first thing that came to mind

10-27-2008, 10:33 AM	#2
cigars_n_scotch Guest Posts: n/a	Re: 401k news This kind of activity within our government just BURNS me!!

10-27-2008, 10:47 AM	#3
BigAl_SC The last mango in Paris Join Date: Oct 2008 First Name: Alan Location: Simpsonville, SC Posts: 213 Trading: (7)	Re: 401k news As a small business owner, this would also kill the SEP's. I've averaged about 10 % over the last 15 year (access to a large off market employee owned company) so this would kill any plans for early retirement. __________________ Coldblooded,calculation,unprincipled,usurper, without a virtue,knowing nothing of commerce,political economy,or civil government,and supplying ignorance by bold presumption. Thomas Jefferson

10-27-2008, 10:57 AM	#4
stitch Saddle Maker And Cowboy Join Date: Oct 2008 Location: The Diamond K Ranch Posts: 720 Trading: (34)	Re: 401k news If Congress controls it, Congress will raid it. Just one more way for them to steal our money.. But then, Then know whats best for us don't they. __________________ Cowboy Wisdom: Ifin' ya get to thinkin yourself a might bit important, Try tellin someone else's dog what to do.

10-27-2008, 11:30 AM	#5
rrplasencia monica lewinsky Join Date: Oct 2008 First Name: Richard Location: Miami Posts: 1,827 Trading: (55)	Re: 401k news i'll have to look for the link it's moved since friday but i actually watched c-span for 2 hours while it happened. Mark's post actually sums it up pretty well. even if they don't get this exact version passed any variation of this is a bad idea. the last half hour of c-span i saw (i know i'm hooked) was some other proposal to tax ammo by 500% since supreme court is upholding right ro bear arms. __________________ "Merica, Back to Back World War Champs." -Cloyd Rivers

10-27-2008, 11:49 AM	#6
zmancbr CERTIFIED THREAD KILLER!! Join Date: Oct 2008 First Name: Zach Location: Color Red Posts: 1,692 Trading: (41)	Re: 401k news As long as it is optional I could care less... but believe me I know what to do with my money better than our government does. 3% is absolutely terrible... I am a high risk investor and keep all of my stuff in high risk/return funds to maximize my yields while I am still younger... The last thing I need is to get that replaced with a 3% gain per year?

10-27-2008, 12:24 PM	#9
zmancbr CERTIFIED THREAD KILLER!! Join Date: Oct 2008 First Name: Zach Location: Color Red Posts: 1,692 Trading: (41)	Re: 401k news I wish politicians would learn that taxing anything to death means people will go to extremes to get it elsewhere... What do they think will happen if they add the SCHIP tax to cigars? All they are going to do is put cigar vendors and B&Ms out of business here in the states... and more people will buy via the internet and have them shipped in... it is a lose/lose for everyone involved...

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode