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sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Blu-ize
this is a non-issue. It's not going to happen.
In a gazillion years.
This has been concocted years ago and it gets brought up every decade or so.
No matter who is in office..it doesn't matter.
Well I wouldnt say never--look at teh state of social security. SO many thought they would be taken care of and look at the state of that program.
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Posted 10/22/08 12:50 PM  |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Ophelia
Posted by Diane
Posted by Linda1003
Posted by Ophelia
Posted by Diane
I am registered Democrat, but this is one reason why Obama DOES NOT have my vote.....nor did he ever
but this is NOT Obama's plan.
I don't care that you aren't voting for him, but don't confuse the two. that would be unfair.
Sounds right up his alley though.. being one of the most liberal dems out there.
ITA
still unfair. and sad.
Not to get off topic, but people put McCain and GW in the same boat all the time. Isn't that the same thing?
But about the topic at hand, let's hope it does not pass.
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| Posted 10/22/08 12:56 PM |
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twiceasnice
LIF Adult
Member since 2/08 1126 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Blu-ize
this is a non-issue. It's not going to happen.
In a gazillion years.
This has been concocted years ago and it gets brought up every decade or so.
No matter who is in office..it doesn't matter.
I hope your right.
At this point I don't get surprised with these types of changes, I get sick.
Where are we heading? What are our kids going to be handed?
I am scared for them. My ultimate back up plan is a self sufficient cabin way upstate, no food though (I am so nutty I have been teaching myself to can). That's our safe haven if needed. 9/11 brought that plan on but depending on what the future brings I may head up there sooner!
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| Posted 10/22/08 12:59 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Hi-Fi55
Not to get off topic, but people put McCain and GW in the same boat all the time. Isn't that the same thing?
But about the topic at hand, let's hope it does not pass.
IF Obama had a similar plan, then by all means, compare them.
McCains economic policy does not differ much from that of GWB so it's fair game.
but McCain put that policy out there.
Obama is not spearheading this...so there is a difference.
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| Posted 10/22/08 1:01 PM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Linda1003
Posted by Ophelia
Posted by Diane
I am registered Democrat, but this is one reason why Obama DOES NOT have my vote.....nor did he ever
but this is NOT Obama's plan.
I don't care that you aren't voting for him, but don't confuse the two. that would be unfair.
Sounds right up his alley though.. being one of the most liberal dems out there.
even if it sounds "right up his alley", it is NOT his plan....let's not misrepresent the FACTS
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| Posted 10/22/08 1:03 PM |
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seaside
LIF Adult
Member since 6/08 3101 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
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| Posted 10/22/08 1:11 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Blu-ize
It Will Never Happen.
NEVER
No one thought 2 planes could cause the World Trade Towers to crumble until they did.
Lots of people never thought we were in a housing bubble until it popped.
Never is a very powerful word and I wouldn't use it when referring to Congressional policymaking.
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| Posted 10/22/08 1:13 PM |
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Hi-Fi55
12 years...wow....
Member since 2/06 2984 total posts
Name:
Dianne
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Ophelia
Posted by Hi-Fi55
Not to get off topic, but people put McCain and GW in the same boat all the time. Isn't that the same thing?
But about the topic at hand, let's hope it does not pass.
IF Obama had a similar plan, then by all means, compare them.
McCains economic policy does not differ much from that of GWB so it's fair game.
but McCain put that policy out there.
Obama is not spearheading this...so there is a difference.
Ok - I agree that if you compare policy to policy you may seem comparisions. I just think people think all reps are the same as well as people think all Dems are the same. Not true at all.
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| Posted 10/22/08 1:16 PM |
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melbalalala
Little Lady
Member since 5/07 5014 total posts
Name:
Melissa
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Blu-ize
this is a non-issue. It's not going to happen.
In a gazillion years.
This has been concocted years ago and it gets brought up every decade or so.
No matter who is in office..it doesn't matter.
While you are probably right, that it won't happen, it's scary that all of these ideas keep popping up.
Personal accountability seems to be decreasing in this country and moving towards us "trusting the government" with some key decisions.
I still don't know why those on the verge of retirement are in shock that their retirement accounts have dwindled and that the "system failed them". Investing 101 says that stocks are LONG-term investments, and if you are close to needing the money, shift your savings into something more safe.
Because of this whining and complaining, stupid ideas like this get the attention of politicians and become more and more of a reality.
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| Posted 10/22/08 1:22 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by melbalalala
I still don't know why those on the verge of retirement are in shock that their retirement accounts have dwindled and that the "system failed them". Investing 101 says that stocks are LONG-term investments, and if you are close to needing the money, shift your savings into something more safe.
I am so glad someone finally said it!
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| Posted 10/22/08 1:29 PM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
We have some pretty evil people running this country by majority right now, a non-partisan puppet that will succumb to their demands is the last thing I want.
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| Posted 10/22/08 1:36 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by shamrock124
Posted by Blu-ize
It Will Never Happen.
NEVER
No one thought 2 planes could cause the World Trade Towers to crumble until they did.
Lots of people never thought we were in a housing bubble until it popped.
Never is a very powerful word and I wouldn't use it when referring to Congressional policymaking.
it's in the same boat with Privatizing SS..won't happen.
comparing the twin towers or the bubble are very different than this. We as people can make changes and stop changes. If it even gets far enough that our elected local officials see it, it will get squashed. There will be rioting in the streets.
it's too drastic a measure and no one on the right or left will let it pass.
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| Posted 10/22/08 1:47 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
 OH NO THEY DIDN'T!!!!!!!!!!!!! I am changing my party affiliation ASAP!!!!!!!!!!!!!!!!!!   effing b@stards! they are COMPLTELY OUT OF TOUCH WITH REALITY!!!!!!!!!!!!
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| Posted 10/22/08 4:09 PM |
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seaside
LIF Adult
Member since 6/08 3101 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Sooooo...all of us who relied on the promise of what a 401K was and sacrificed to max them out all these years.... What happens to us, our reliance, and that money? Taxed? That's it? Talk about yankingthe rug out....  
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| Posted 10/22/08 4:23 PM |
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
oh my sooooo scary
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| Posted 10/22/08 4:37 PM |
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IrishLasss334
I'll be there soon!
Member since 1/08 6549 total posts
Name:
Patty
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Linda1003
Can't stand it anymore!!! Government needs to BACK OFF MY MONEY!!!!!!!!!!!!!!!
This is a major reason I cannot vote Democrat!!!! LET ME MAKE MY OWN DECISIONS ABOUT MY MONEY!!!
I completely agree.
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| Posted 10/22/08 5:20 PM |
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Songwriter76
LIF Adult
Member since 4/08 902 total posts
Name:
David
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Shouldn't we wait and see if this has been confirmed by a reliable source? NY Times, Wall Street Journal, etc...
I have never heard of "Workforce Management" and have no idea what their agenda is. I'll wait until I hear ot from a reliable source.
I mean, it doesn't even say it was a bill that is being introduced...it assumes that some members of congress MIGHT be THINKING about this.
Let's wait for a reliable news source.
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| Posted 10/22/08 6:23 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Songwriter76
Shouldn't we wait and see if this has been confirmed by a reliable source? NY Times, Wall Street Journal, etc...
I have never heard of "Workforce Management" and have no idea what their agenda is. I'll wait until I hear ot from a reliable source.
I mean, it doesn't even say it was a bill that is being introduced...it assumes that some members of congress MIGHT be THINKING about this.
Let's wait for a reliable news source.
I just googled the topic and got a ton of returns from various sources
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| Posted 10/22/08 6:25 PM |
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JRD2008
CT. here we come!!
Member since 5/08 2944 total posts
Name:
Kathleen
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by IrishLass
Posted by Linda1003
Can't stand it anymore!!! Government needs to BACK OFF MY MONEY!!!!!!!!!!!!!!!
This is a major reason I cannot vote Democrat!!!! LET ME MAKE MY OWN DECISIONS ABOUT MY MONEY!!!
I completely agree.
EXACTLY. Stay away from my money!!! I earned it, I just be able to do with it as I please!!
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| Posted 10/22/08 7:23 PM |
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JRD2008
CT. here we come!!
Member since 5/08 2944 total posts
Name:
Kathleen
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Linda1003
You know.. I just have to vent.. It really bothers me that a thread about Palin's wardrobe gets sooo many viewsand replies...and this has 11 replies!!!!
People need to discuss these issues..not how much is spent on a wardrobe!!!
VERY WELL SAID! although there are more then 11 posts now 
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| Posted 10/22/08 7:24 PM |
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snowflake08
Love my boys!!!
Member since 8/07 5148 total posts
Name:
Laura
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
seriously, without starting DRAMA, since congress has SUCH a low approval rate (i think i heard 18% today), WHY would we want a democratic president?
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| Posted 10/22/08 7:27 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by melbalalala
Posted by Blu-ize
this is a non-issue. It's not going to happen.
In a gazillion years.
This has been concocted years ago and it gets brought up every decade or so.
No matter who is in office..it doesn't matter.
While you are probably right, that it won't happen, it's scary that all of these ideas keep popping up.
Personal accountability seems to be decreasing in this country and moving towards us "trusting the government" with some key decisions.
I still don't know why those on the verge of retirement are in shock that their retirement accounts have dwindled and that the "system failed them". Investing 101 says that stocks are LONG-term investments, and if you are close to needing the money, shift your savings into something more safe.
Because of this whining and complaining, stupid ideas like this get the attention of politicians and become more and more of a reality.
ITA!!!
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| Posted 10/22/08 7:30 PM |
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evnme
My little lamb
Member since 8/05 12633 total posts
Name:
aka momma2b
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Posted by Linda1003
Can't stand it anymore!!! Government needs to BACK OFF MY MONEY!!!!!!!!!!!!!!!
This is a major reason I cannot vote Democrat!!!! LET ME MAKE MY OWN DECISIONS ABOUT MY MONEY!!!
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| Posted 10/22/08 7:59 PM |
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VirginiaDeb
Don't eat me, hippo!
Member since 5/05 9252 total posts
Name:
Deb
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
Now, I don't have a 401 k (I have a 403B... which my district doesn't match) so it doesn't really affect me... but that does not sound like a good idea. It sounds like a lot of people will get really screwed.
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| Posted 10/22/08 8:22 PM |
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Agape08
LIF Adolescent
Member since 10/08 807 total posts
Name:
Kathy
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Re: Ack! House Democrats contemplate abolishing 401(k) tax benefits.
the fact that the govt is getting involved with the banks is scary...i smell socialism....
not shocked about the 401k issue....i mean, they raise capital gains all the time.
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| Posted 10/22/08 9:00 PM |
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