Off-Topic: re IRA/401k

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	Name:	Barneget -
	Subject:	re IRA/401k
	Date:	7/28/2011 9:59:50 AM

I too am concerned about the safety of our nest egg. A few years back, during the gold rush days, we leveraged all to acquire a local business. God smiled on us and we now have most all of the pledged collateral released, yet still sitting in IRA and 401 accounts. Seeing again a great deal of buzz, all across the spectrum about federal plans to essentially confiscate these savings. Last year, the unions were advocating this program to help assure their own pension solvency. Now, the talk is about conversion to "Patriot Bonds" to assist with federal debt. The numbers reported are combined IRA/401 values in excess of $16 trillion, and a 30% conversion to federal bonds enabling additional spending of nearly $5 trillion. I can move to funds dominated by Swiss francs but they are still domestic plans. Still undrage so if I move out, I face tax and penalties. Alot to go through for 12 bucks and change. Worth it if I can avoid paying for copperlines medicaid.

Other messages in this thread:

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Worried about investments? - greycove - 7/28/2011 9:36:11 AM

Worried about investments? - Lifer - 7/28/2011 9:55:08 AM

Worried about investments? - Summer Lover - 7/28/2011 9:57:12 AM

re IRA/401k - Barneget - 7/28/2011 9:59:50 AM

re IRA/401k - Mack - 7/28/2011 12:57:32 PM

Worried about investments? - Pontoonfisher - 7/28/2011 10:22:51 AM

Do you have a favorite recipe - Summer Lover - 7/28/2011 10:33:00 AM

Do you have a favorite recipe - lakngulf - 7/28/2011 10:46:30 AM

Darn - Summer Lover - 7/28/2011 11:23:46 AM

Pontoonfisher - greycove - 7/28/2011 12:32:23 PM

Pontoonfisher - Pontoonfisher - 7/28/2011 2:14:47 PM

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