While I believe 401(K)'s, IRA's and such are in the bullseye, I think the ROTH is what chaps the behind of socialists more than anything. But, as said, with the large gains in the House and the Senate divided, I don't think the next two years will allow the Dems to act out their dreams of confiscation of retirement assets.
That said, I will actively start moving away from putting new money into tax deferred structures in favor of business and real estate investments. No sense in putting all the proverbial eggs in one basket.
Dutch,
For those that may have missed it please repost what happened with your brother and his retirement account in the Netherlands.
That should be a wake up call to all regarding socialism and government mandates by the socialist..
Thanks in advance.
In short, he retired this year, and by law, his equivalent of the 401(K) was converted into a government run pension, with a calculated interest rate of 1%. Well into 7 figures, lawfully taken. Poof, gone. Nothing will go to his heirs, ever. Oh, and they still tax the pension proceeds as income.
Think it can't happen here? "To protect people from running out of money in their golden years"? A nano second after they see a glimmer of daylight to get it passed.
