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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
nomoobamao
Posted by:
End of your IRA savings freedom
()
Date: December 25, 2015 12:20PM
Re: nomoobamao
Posted by:
32021xc
()
Date: December 25, 2015 01:04PM
Here is another article on this:
http://www.annuitywatchusa.com/is-the-federal-government-eyeing-your-401k/
http://www.annuitywatchusa.com/is-the-federal-government-eyeing-your-401k/
Re: nomoobamao
Posted by:
Man from Glad
()
Date: December 25, 2015 01:10PM
Dude, you're just totally disconnected from reality.
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Attachments:
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Attachments:
Re: nomoobamao
Posted by:
potopflaxter
()
Date: December 25, 2015 01:43PM
Say you now have to have your "retirement annuity" deducted from your paycheck to fund the new government retirement system that is being planned for in lieu of your self-directed personally run account.
You will be forced to buy long term treasurys. Say you're retired and have a MYIRA type account in VUSTX (Long term treasuries as those will be mandated by government in future, so they can use your savings along with every one elses to buy up their treasuries and pay down their debt). If you have a savings of S300,000, along with your Social Security, (which is now capping and cutting down the amount you can receive starting with next year), be aware that the fund VUSTX most recent distribution for December 1, 2015 was $.02824/share, and $300,000 would buy 24038 shares on that date. This would give you $679.00 a month and that is supposing that interest rates stay the same. If interest rates go up 1% long term Treasury bonds lose 12.&% of their value.
http://www.wsj.com/articles/SB10001424052702303636404579395543442224618
So, if you are retired, do you think you can afford to live on $679.00 a month + some Social Security?
Get used to the idea. The current budget bill, passed by the numbnuts comprising the current Congress to appease Obama, has set up the requirements in writing for this to be passed in the near future. It will be done through requiring business you work for to withhold your enforced deduction (along with the SS and tax withholdings) to be put in the nationalized retirement system of government bonds, the proceeds which will be used to pay on the gov't debt.
(If you invested $300,000 in your own self-directed brokerage account with no government control and interference, you would be able to achieve up to annual payouts of dividends worth 75-$80000/year or $6250/month if you are extremely aggressive, or $1000-3000/month if you are a conservative investor.
But that's OK, sheeple don't mind living in enforced poverty to bail out their socialist handlers, do they?
Butt
You will be forced to buy long term treasurys. Say you're retired and have a MYIRA type account in VUSTX (Long term treasuries as those will be mandated by government in future, so they can use your savings along with every one elses to buy up their treasuries and pay down their debt). If you have a savings of S300,000, along with your Social Security, (which is now capping and cutting down the amount you can receive starting with next year), be aware that the fund VUSTX most recent distribution for December 1, 2015 was $.02824/share, and $300,000 would buy 24038 shares on that date. This would give you $679.00 a month and that is supposing that interest rates stay the same. If interest rates go up 1% long term Treasury bonds lose 12.&% of their value.
http://www.wsj.com/articles/SB10001424052702303636404579395543442224618
So, if you are retired, do you think you can afford to live on $679.00 a month + some Social Security?
Get used to the idea. The current budget bill, passed by the numbnuts comprising the current Congress to appease Obama, has set up the requirements in writing for this to be passed in the near future. It will be done through requiring business you work for to withhold your enforced deduction (along with the SS and tax withholdings) to be put in the nationalized retirement system of government bonds, the proceeds which will be used to pay on the gov't debt.
(If you invested $300,000 in your own self-directed brokerage account with no government control and interference, you would be able to achieve up to annual payouts of dividends worth 75-$80000/year or $6250/month if you are extremely aggressive, or $1000-3000/month if you are a conservative investor.
But that's OK, sheeple don't mind living in enforced poverty to bail out their socialist handlers, do they?
Butt
Re: nomoobamao
Posted by:
Man from Glad
()
Date: December 25, 2015 01:54PM
LOL! Man from Glad laughs at you!
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Attachments:
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Attachments:
Re: nomoobamao
Posted by:
MindinaoBao
()
Date: December 25, 2015 02:41PM
http://forthemommas.com/wp-content/uploads/2012/11/glad-tall-kitchen-trash-bags.:
Who let the Glad dog out of his trash bag?
Vhttps://www.glad.com/trash/kitchen/
Who let the Glad dog out of his trash bag?
Vhttps://www.glad.com/trash/kitchen/
Re: nomoobamao
Posted by:
OboHillacrap
()
Date: December 27, 2015 12:52PM
There are two popular shitbirds that have advocated taxing existing 401K accounts for money already in the accounts.
They're not talking about when someone withdraws money. They're talking about money that is in the accounts. Then the little people will be taxed again when they withdraw the money.
Fucking democrats.
They're not talking about when someone withdraws money. They're talking about money that is in the accounts. Then the little people will be taxed again when they withdraw the money.
Fucking democrats.
Re: nomoobamao
Posted by:
Why would you care?
()
Date: December 27, 2015 01:16PM
It's not true, but you're too fucking dumb to have a penny to your name to begin with.
Re: nomoobamao
Posted by:
Coriano
()
Date: December 30, 2015 12:03PM
"It's not true, but you're too fucking dumb to have a penny to your name to begin with."
Dude, If you make it out of your mama's basement and start taking care of your own self, and if you are lucky enough to work for most of your life and live to retirement age--and assuming someone will even love you enough to marry you, so you might even have a family to take care of along with your self-you will become very interested in who steals what you might have worked so hard for all your life, and how they are going to steal it. Remember, your rich mama and papa could lose their entire fortune to big pharma as they age, leaving nothing for you. Shit does happen, even to the rich. Big pharma and the medical establishment is out to take as much of the fortunes of everyone they can. As you age this will also become evident to you. Obamacare only covers up to a certain limit, then whatever you had will go quickly.
Your "family" should you be responsible enough to marry and should wish to take care of them properly along with yourself, will someday be interested in being able to live with a roof over their head as opposed to their other choice, the tent city under the Potomac river bridge. Choose well. "The wheel it keeps on turnin'", bro, and it's better to know about these things others plan for you than to bury your head in the sand. After all, while now its just YOUR MAMA"s/PAPA'S MONEY now....could be yourS, AND YOUR loss in the future.
Dude, If you make it out of your mama's basement and start taking care of your own self, and if you are lucky enough to work for most of your life and live to retirement age--and assuming someone will even love you enough to marry you, so you might even have a family to take care of along with your self-you will become very interested in who steals what you might have worked so hard for all your life, and how they are going to steal it. Remember, your rich mama and papa could lose their entire fortune to big pharma as they age, leaving nothing for you. Shit does happen, even to the rich. Big pharma and the medical establishment is out to take as much of the fortunes of everyone they can. As you age this will also become evident to you. Obamacare only covers up to a certain limit, then whatever you had will go quickly.
Your "family" should you be responsible enough to marry and should wish to take care of them properly along with yourself, will someday be interested in being able to live with a roof over their head as opposed to their other choice, the tent city under the Potomac river bridge. Choose well. "The wheel it keeps on turnin'", bro, and it's better to know about these things others plan for you than to bury your head in the sand. After all, while now its just YOUR MAMA"s/PAPA'S MONEY now....could be yourS, AND YOUR loss in the future.
Re: nomoobamao
Posted by:
Yehuti Peutiepäntz
()
Date: December 30, 2015 12:23PM
"The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement accounts"
Article date: Feb 1, 2014.
[Looks at his phat 401(k) account and IRA, which still exist and haven't been nationalized]. Huh. This must be an entirely new usage of the word "quickly" with which I was previously unfamiliar.
Article date: Feb 1, 2014.
[Looks at his phat 401(k) account and IRA, which still exist and haven't been nationalized]. Huh. This must be an entirely new usage of the word "quickly" with which I was previously unfamiliar.
Re: nomoobamao
Posted by:
Rockstar
()
Date: December 30, 2015 12:38PM
Certain rightwingnutjobs have been postulating for years that obama's gonna this, obama's gonna that, when in reality nothing he has done has been bad for the country, or even bad for them personally. Typical fearmongering, nothing more.
And those who want to do the OPPOSITE of what is described here, give 401k owners full unbridled control to invest in the market directly, are just wall street shills working, whether they realize it or not, for the rights of wall street investors to rob them of their savings.
nobodys comin' for yer guns
no fema camps
no jade helm takeover
no third terms
no privatized 401ks
and my dad's prediction, niggers burning whitey with tires in the streets while tearing up the infrastructure, has not come true either.
eventually those who are manipulated by the fearmongers will wise up. some of them have already started.
And those who want to do the OPPOSITE of what is described here, give 401k owners full unbridled control to invest in the market directly, are just wall street shills working, whether they realize it or not, for the rights of wall street investors to rob them of their savings.
nobodys comin' for yer guns
no fema camps
no jade helm takeover
no third terms
no privatized 401ks
and my dad's prediction, niggers burning whitey with tires in the streets while tearing up the infrastructure, has not come true either.
eventually those who are manipulated by the fearmongers will wise up. some of them have already started.
Re: nomoobamao
Posted by:
Frank S.
()
Date: December 30, 2015 01:02PM
Yehuti Peutiepäntz Wrote:
-------------------------------------------------------
> "The Obama administration is reportedly quickly
> moving on plans to nationalize private 401k and
> IRA retirement accounts"
>
> Article date: Feb 1, 2014.
>
> [Looks at his phat 401(k) account and IRA, which
> still exist and haven't been nationalized]. Huh.
> This must be an entirely new usage of the word
> "quickly" with which I was previously unfamiliar.
Yeah, it's hilarious how idiots like the OP post this shit, and are too stupid to notice that the article is two years old, and nothing's happened. Goddamn they're dumb.
-------------------------------------------------------
> "The Obama administration is reportedly quickly
> moving on plans to nationalize private 401k and
> IRA retirement accounts"
>
> Article date: Feb 1, 2014.
>
> [Looks at his phat 401(k) account and IRA, which
> still exist and haven't been nationalized]. Huh.
> This must be an entirely new usage of the word
> "quickly" with which I was previously unfamiliar.
Yeah, it's hilarious how idiots like the OP post this shit, and are too stupid to notice that the article is two years old, and nothing's happened. Goddamn they're dumb.
Re: nomoobamao
Posted by:
Conserva-tards!
()
Date: December 30, 2015 01:11PM
Yehuti Peutiepäntz Wrote:
-------------------------------------------------------
> "The Obama administration is reportedly quickly
> moving on plans to nationalize private 401k and
> IRA retirement accounts"
>
> Article date: Feb 1, 2014.
>
> [Looks at his phat 401(k) account and IRA, which
> still exist and haven't been nationalized]. Huh.
> This must be an entirely new usage of the word
> "quickly" with which I was previously unfamiliar.
Conserva-tards!
LoLz!
-------------------------------------------------------
> "The Obama administration is reportedly quickly
> moving on plans to nationalize private 401k and
> IRA retirement accounts"
>
> Article date: Feb 1, 2014.
>
> [Looks at his phat 401(k) account and IRA, which
> still exist and haven't been nationalized]. Huh.
> This must be an entirely new usage of the word
> "quickly" with which I was previously unfamiliar.
Conserva-tards!
LoLz!