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  1. #1

    Apr 2008
    2,479
    3 times

    Is 401K confiscation coming?

    Check out this article. I doubt such a law would ever pass, but you never know.

    We often read and think about gold confiscation on PM blogs, but what about 401Ks? Not many US citizens own gold bullion, but there is alot of cash sitting in retirement accounts.

    Jim


    http://carolinajournal.com/articles/...y.html?id=5081
    R.I.P. Rich Hartford

  2. #2
    Charter Member
    us
    Apr 2007
    God's lap
    X-terra 70
    11,355

    Re: Is 401K confiscation coming?

    for the first time I am actually happy I took the funds out of my 401k to use while I was unemployed. Now to figure out which retirement plans I can make they can't get hold of!

  3. #3
    us
    May 2007
    Southeast Missouri
    E-trac, Explorer II, Xterra30, Whites Prizm IV
    4,915
    1 times

    Re: Is 401K confiscation coming?

    I think the BHO administration will announce that it is the ONLY way to save the country. And a great many people will gladly give it up...not me though. I worked hard and saved what I could only to see it melt away as the economy goes to crap.
    "It isn't the age, it's the mileage" IJ

  4. #4
    us
    wolf pack!!!

    Sep 2006
    Texas
    Minlabe SE, ace 250, fisher 1280x
    4,506
    Banner Finds (2)
    Honorable Mentions (1)

    Re: Is 401K confiscation coming?

    You forgot the part about BHO balming the last adminestration, calling for martial law, and the coolaid drinkers standing by while thier neighbors are draged to the gallows for protesting.

    Maybe not that bad (I hope)
    Pulled my 401 (as much as I could still about 25 % invested 50% removed and 25% lost) looking into gold when and if the dollar starts spiraling.

    Does any one Know a sight that gives daily stock market value??
    Leave no stone unturned.

  5. #5
    us
    May 2007
    Western Colorado
    5,871
    2 times

    Re: Is 401K confiscation coming?

    Look at the top of this page and click on metals.
    "Everybody dies"
    "But not everybody lives."

  6. #6
    us
    wolf pack!!!

    Sep 2006
    Texas
    Minlabe SE, ace 250, fisher 1280x
    4,506
    Banner Finds (2)
    Honorable Mentions (1)

    Re: Is 401K confiscation coming?

    Thanks OD but I meant stock market not metals just trying here as the market threads are pretty dead
    Leave no stone unturned.

  7. #7
    us
    wolf pack!!!

    Sep 2006
    Texas
    Minlabe SE, ace 250, fisher 1280x
    4,506
    Banner Finds (2)
    Honorable Mentions (1)

    Re: Is 401K confiscation coming?

    ahhh you lead me to the right place click on money! Tnets got it all Thanks OD
    Leave no stone unturned.

  8. #8

    Jul 2007
    USA
    1,774

    Re: Is 401K confiscation coming?

    What better way for Barack to steal from the rich and give to the poor? He's gotta pay for them entitlements somehow. HH Mark
    Life is a coin, you can spend it any way you wish, but you can only spend it once.

    "The life of every man is a diary in which he means to write one story, and writes another."

    - James Matthew Barrie

 

 

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