Do you have an IRA or 401K account ?

[ironglow]

  If you have an Ira or 401K account that you earned, saved and am living upon, in light of yesterday's election results..how will you keep it?  There are many brainless people who want what you have earned..and they vote..
 
  http://macrowealthpreservation.blogspot.com/2012/08/progressives-have-their-eye-on-your-401k.html
 
  http://cashmoneylife.com/can-the-us-government-seize-your-401k-or-ira/
 
  http://solari.com/blog/obama-administration-wants-to-annuitize-401ks-and-iras-mandatory-r-bonds/
 
   Now, imagine that ..you worked and saved all your life to build that retirement nest egg..live off the interest and leave a bit for your kids.  Then the govt comes along..forces you to take some govt bonds in place of it..and the bonds are deemed worthless in two years.
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  Historical precedent?  During our Revolutionary War, many farmers had their crops & cattle seized..and were paid in paper "continentals"..  One consolation however..those farmers were moving toward freedom not away from it!

[Conan The Librarian]

The tax climate is about to get a lot worse too, in January.

[ironglow]

The tax climate is about to get a lot worse too, in January.

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  Sorry Conan;
  Millions of  us tried to arrest the cancer...

[lakota]

Retirement??? Whats that? I have to work until the day I drop dead in order to pay for the 30 year vacation of my counterpart in the public sector.

[Conan The Librarian]

Lakota:
 
The way things will work now is that if you can game the system properly, you can have that 30 year vacation yourself.