The filthy dirty Congress is coming to take your IRA

[f.a.s.t.]

I've been saying it for years, the filthy dirty lying cheating crooked criminal cesspool swamp have had their eyes on our retirement accounts for years. This is one of their ultimate goals, to steal your retirement savings to buy votes with it and give it to the 100's of millions of legal and illegal immigrants in the form of income redistribution. It's a first step and every real American should be furious. Seriously, they can't wait to take your retirement away from you, they have been licking their dirty mouths for years to get their hands on your savings. As I said, it's one of their ultimate goals; a top two goal. Their number one goal is to flood Texas and Florida with tens of millions of immigrants, turn them solid blue, one party socialist/communist rule. The want all or our savings, not some of it and they will never stop until they get all of it. Their plan is to steal your retirement savings in exchange for US Treasury bonds which will be worthless.

https://www.wsj.com/articles/congress-i ... 1562713559" onclick="window.open(this.href);return false;

[XtremeJibber2001]

Isn’t this really focused on inherited IRAs and eliminating the contribution age limit?

[boston_e]

It must be a pretty massive conspiracy since it passed 417-3. I’m sure all those republicans who voted in favor are really hoping Texas turns solid blue.

[f.a.s.t.]

Isn’t this really focused on inherited IRAs and eliminating the contribution age limit?

No, it's the first step to seize the wealth of American savings. Just like they do in socialist/communist countries. Once it passes, they will keep adding on to it, one step at a time until they have all of it.

[f.a.s.t.]

It must be a pretty massive conspiracy since it passed 417-3. I’m sure all those republicans who voted in favor are really hoping Texas turns solid blue.

Almost all national politicians in Washington are filthy dirty, most of them lawyers, both Republicans and Democrats; the cesspool swamp. It's not a conspiracy, it's the truth.

[XtremeJibber2001]

If true, I’d expect Trump to veto.

[f.a.s.t.]

Don't be a fool. If the squids get in power, they would seize our savings in a heartbeat. If you don't think it could happen, you are being ignorant:


https://cashmoneylife.com/can-the-us-go ... 1k-or-ira/" onclick="window.open(this.href);return false;

[brownman]

Better break out the red tin foil hat for slow
Although that won't mitigate an apparent fear of squid.
Get a grip ..
Financial advice from a blogger is not sound strategy.

[Kpdemello]

Details:

For someone who uses their own IRA in retirement, and uses it for their retirement, or who passes it to their spouse as an inheritance, the SECURE Act changes virtually nothing. The primary impact is on the inherited wealth scenario, where you are looking to achieve intergenerational wealth transfer and shield those funds from tax. Make no mistake about it, in this scenario, limitations on the Stretch IRA mean more tax will likely be paid as a result.

However, it's also important to note that for those looking to use their own IRA in retirement, if anything, IRAs are slightly improved due to the ability to still contribute after age 70 1/2 and other small improvements. As such, most typical IRA holders will be unaffected or benefit to some degree.

https://www.forbes.com/sites/simonmoore ... 6156131204" onclick="window.open(this.href);return false;

[Bubba]

Details:

For someone who uses their own IRA in retirement, and uses it for their retirement, or who passes it to their spouse as an inheritance, the SECURE Act changes virtually nothing. The primary impact is on the inherited wealth scenario, where you are looking to achieve intergenerational wealth transfer and shield those funds from tax. Make no mistake about it, in this scenario, limitations on the Stretch IRA mean more tax will likely be paid as a result.

However, it's also important to note that for those looking to use their own IRA in retirement, if anything, IRAs are slightly improved due to the ability to still contribute after age 70 1/2 and other small improvements. As such, most typical IRA holders will be unaffected or benefit to some degree.

https://www.forbes.com/sites/simonmoore ... 6156131204" onclick="window.open(this.href);return false;

Forbes is obviously a liberal rag. Don't believe a word of their analysis.

[deadheadskier]

Details:

For someone who uses their own IRA in retirement, and uses it for their retirement, or who passes it to their spouse as an inheritance, the SECURE Act changes virtually nothing. The primary impact is on the inherited wealth scenario, where you are looking to achieve intergenerational wealth transfer and shield those funds from tax. Make no mistake about it, in this scenario, limitations on the Stretch IRA mean more tax will likely be paid as a result.

However, it's also important to note that for those looking to use their own IRA in retirement, if anything, IRAs are slightly improved due to the ability to still contribute after age 70 1/2 and other small improvements. As such, most typical IRA holders will be unaffected or benefit to some degree.

https://www.forbes.com/sites/simonmoore ... 6156131204" onclick="window.open(this.href);return false;

Forbes is obviously a liberal rag. Don't believe a word of their analysis.

.

[madhatter]

Details:

For someone who uses their own IRA in retirement, and uses it for their retirement, or who passes it to their spouse as an inheritance, the SECURE Act changes virtually nothing. The primary impact is on the inherited wealth scenario, where you are looking to achieve intergenerational wealth transfer and shield those funds from tax. Make no mistake about it, in this scenario, limitations on the Stretch IRA mean more tax will likely be paid as a result.

However, it's also important to note that for those looking to use their own IRA in retirement, if anything, IRAs are slightly improved due to the ability to still contribute after age 70 1/2 and other small improvements. As such, most typical IRA holders will be unaffected or benefit to some degree.

https://www.forbes.com/sites/simonmoore ... 6156131204" onclick="window.open(this.href);return false;

Forbes is obviously a liberal rag. Don't believe a word of their analysis.

.

I've been saying it for years, the filthy dirty lying cheating crooked criminal cesspool swamp have had their eyes on our retirement accounts for years.

facts don't matter which must be why you ignore them so often..

https://www.wsj.com/articles/SB122662401729126813" onclick="window.open(this.href);return false;

https://www.investmentnews.com/article/ ... tax-breaks" onclick="window.open(this.href);return false;

https://401kspecialistmag.com/illinois- ... will-move/" onclick="window.open(this.href);return false;

https://401kspecialistmag.com/401k-inve ... resurface/" onclick="window.open(this.href);return false;

https://www.forbes.com/sites/alangassma ... 880eaf30f2


bottom line congress wants more revenue and they want it sooner...


FACT congress particularly D congress members have been after revenue from 401k for quite some time...

Demcocksucker, wrong as always...but you still can't keep your mouth off that knob...always a staunch supporter/defender of ever expanding leftist govt...

[hillbangin]

As soon as 2007 blew up the way it did I figured they'd start taking the 401K money back...

Butt they didn't.

It will happen - it's only a matter of time.

If you told someone in the USA in 1850 that half of someones paycheck was going to go the GOVT they'd think you were from Mars.

[XtremeJibber2001]

Based on the articles posted it seems all but certain Congress is coming for our IRAs.

[f.a.s.t.]

There is about 120 trillion dollars in the entire world capital markets, the funds used to finance our national debt. Currently, the U.S. national debt is approaching 25 trillion. Once the squids get in charge, their green new deal, free everything including free health insurance for illegal aliens, will cost well over 100 trillion dollars. The entire capital markets in the world will not be able to finance the U.S. debt. That is why they will resort to stealing all of America's wealth in taxes and seizing our 401's and IRA's. Taxing the wealthy alone, will not come even close to financing their dirty socialist-dictator-communist dreams.