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Thread: Listen to this C***T who want to confiscate your 401k

  1. #1
    Vulture of The Western World Eric's Avatar
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    Listen to this C***T who want to confiscate your 401k

    This interview will infuriate you:

    http://citadelcc.vo.llnwd.net/o29/ne...hilarducci.mp3

  2. #2
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    What is infuriating is that this woman was granted a PHD. There is no way in hell that she earned one. She is a babbling idiot. I don't understand how people like this can feed themselves.

    I think that this 401k thins is irrelevant anyway. People are withdrawing from them faster than a speeding ticket in this trainwreck economy.

    I still stand by my decision to turn mine into an income producing asset before tax rates went up. In 2011, my estimated taxes will rise by more than 2.5k.

    The idea of 401k's providing retirement security is a joke. After taking away food, clothing, shelter, transportation and taxes, hardly anyone has any savings left to "contribute." As for "growth," there really isn't enough to fund a retirement income unless you can squirrel away 15 + percent of your income for 30 years.

    I should have done more, but the great depression told me that it took from 1929 until 1951 before the market recovered its initial value. Those 401k peddlers never tell you the whole story. They forget to tell you that tax rates may be much higher when you begin withdrawing your loot.

    Whether its 401ks or Social Security,the government can revoke its promises at any time. At least participation in 401k's is optional.

  3. #3
    Vulture of The Western World Eric's Avatar
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    Quote Originally Posted by swamprat View Post
    What is infuriating is that this woman was granted a PHD. There is no way in hell that she earned one. She is a babbling idiot. I don't understand how people like this can feed themselves.

    I think that this 401k thins is irrelevant anyway. People are withdrawing from them faster than a speeding ticket in this trainwreck economy.

    I still stand by my decision to turn mine into an income producing asset before tax rates went up. In 2011, my estimated taxes will rise by more than 2.5k.

    The idea of 401k's providing retirement security is a joke. After taking away food, clothing, shelter, transportation and taxes, hardly anyone has any savings left to "contribute." As for "growth," there really isn't enough to fund a retirement income unless you can squirrel away 15 + percent of your income for 30 years.

    I should have done more, but the great depression told me that it took from 1929 until 1951 before the market recovered its initial value. Those 401k peddlers never tell you the whole story. They forget to tell you that tax rates may be much higher when you begin withdrawing your loot.

    Whether its 401ks or Social Security,the government can revoke its promises at any time. At least participation in 401k's is optional.
    For now....

    If the heaf-cayuh law stands, it won't be.

  4. #4
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    If you want to ever listen to a pure dyed-in-the-wool socialist, there you go.

    People keeping their money is denying the government a chance to spend it?
    WTF?

    Chip H.

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