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Posted: 3/27/2019 5:06:36 PM EST
[#1]
It would instantly devalue my ammo fort because I'd cash that in at high velocity speeds....
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Posted: 3/27/2019 5:06:56 PM EST
[#2]
Stop using logic and facts to understand socialisim
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Posted: 3/27/2019 5:09:52 PM EST
[#3]
Step 1. Ignore any user or website that tells you the fed is going to seize 401ks. (as they clearly have no idea what a 401k is.)
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Posted: 3/27/2019 5:11:05 PM EST
[#4]
They won't just take it, they will take it.
Imagine if all your investment accounts were taxed at 20-40% or so each year. |
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Posted: 3/27/2019 5:12:39 PM EST
[#5]
Want to see old folks with nothing left to lose go postal in record numbers should their 401K get seized
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Posted: 3/27/2019 5:14:09 PM EST
[#6]
Yeah they steal 401ks & it’s game on.
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Posted: 3/27/2019 5:16:41 PM EST
[#7]
Quote HistoryQuoted:
Want to see old folks with nothing left to lose go postal in record numbers should their 401K get seized |
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Posted: 3/27/2019 5:18:00 PM EST
[#8]
They won’t seize it. They might tax it. Or use it for means testing social security. The government isn’t just going to sieze anything.
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Posted: 3/27/2019 5:19:19 PM EST
[#9]
Seize is such an aggressive word.
Tax. That's much better. Like Chief Justice Robert's Obamacare "tax". |
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Posted: 3/27/2019 5:19:32 PM EST
[#10]
Quoted:
I don’t see how this could work - most money is in stocks and bonds and all based on good faith and speculation. Wouldn’t that instantly devalue everything in said accounts? Markets would crash worldwide. Seizing 401Ks is a no go. Taxing the hell out of distributions from them is the more likely path. |
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Posted: 3/27/2019 5:21:47 PM EST
[#11]
They will heavily tax it and perhaps fuck over the Roth people.
I could see them seize money out of a savings or checking account. |
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Posted: 3/27/2019 5:21:55 PM EST
[#12]
SUCKAS! I don't have any!
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Posted: 3/27/2019 5:22:18 PM EST
[#13]
Quote HistoryQuoted:
Stop using logic and facts to understand socialisim |
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Posted: 3/27/2019 5:25:20 PM EST
[#14]
I don't see how allowing in unlimited third worlders who can barely/not speak English, have no skills and immediately go on public benefits is supposed to "work".
An individual's incredulity doesn't stop an insane reality from playing out. |
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Posted: 3/27/2019 5:25:48 PM EST
[#15]
If/when 401k's are "seized" it will be easy as pie
Means test Social Security and medicare (medicare is already means tested). You got $200k or more in your IRA/401k/etc, no social security for you until you spend that shit down. Now we are all poor together. |
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Posted: 3/27/2019 5:27:15 PM EST
[#16]
You'll have to sell eventually to convert your 401k assets into money to buy groceries, they're just going to tax the bejeezus out of us when we do. Yeah yeah Roth, good luck, nobody can guarantee that the Congress of 2042 won't gleefully hose you, tax laws certainly aren't written in stone.
During the 08'-09' crisis the plan Democrats were pushing didn't touch existing 401k's (yet), it would create super duper safe federal bonds (loans to the government) that gave pathetic returns, from the point of inception forward everybody would be forced to buy said bonds, with a bunch of means testing forcing middle and high income earners to subsidize the poor so that all of our retirements would suck. Would have siphoned off the cash flow into new 401k's. It also rolled all of the imploding public pension plans into the same program so the rest of us would have to eat their losses. AFL-CIO was a major promoter. |
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Posted: 3/27/2019 5:27:33 PM EST
[#17]
Quote HistoryQuoted:
Lots of old folks would be fine with this because they have no 401K but would love a hefty SS COLA. Quote HistoryQuoted:
Quoted:
Want to see old folks with nothing left to lose go postal in record numbers should their 401K get seized |
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Posted: 3/27/2019 5:28:12 PM EST
[#18]
OP, can you make this thread title reflect the hypothetical nature of your question?
When each thread title raises your blood pressure 10-20 points... you can't make it five thread titles today without stroking out. 
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Posted: 3/27/2019 5:28:58 PM EST
[#19]
Quote HistoryQuoted:
It would instantly devalue my ammo fort because I'd cash that in at high velocity speeds.... |
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Posted: 3/27/2019 5:33:49 PM EST
[#20]
Quote HistoryQuoted:
Want to see old folks with nothing left to lose go postal in record numbers should their 401K get seized BUT IF IT DOES...... |
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Posted: 3/27/2019 5:33:53 PM EST
[#21]
I recently said fuck it and cashed mine out. Paid the penalty and all. Bought a second house and started renting one out. My retirement plan is 100% RE now. I'm hoping to add more properties as soon as I can.
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Posted: 3/27/2019 5:37:55 PM EST
[#22]
Quote HistoryQuoted:
I recently said fuck it and cashed mine out. Paid the penalty and all. Bought a second house and started renting one out. My retirement plan is 100% RE now. I'm hoping to add more properties as soon as I can. |
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Posted: 3/27/2019 5:38:13 PM EST
[#23]
There would, and should, be blood if that happens.
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Posted: 3/27/2019 5:39:11 PM EST
[#24]
Quote HistoryQuoted: Sure those without would love it,those with one would be slinging brass if what they worked hard to save up got taken. Because you're way too rich |
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Posted: 3/27/2019 5:39:37 PM EST
[#25]
Quote HistoryQuoted:
They won't just take it, they will take it. Imagine if all your investment accounts were taxed at 20-40% or so each year. |
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Posted: 3/27/2019 5:40:31 PM EST
[#26]
Quoted:
I don’t see how this could work - most money is in stocks and bonds and all based on good faith and speculation. Wouldn’t that instantly devalue everything in said accounts? You just cast the @ar-jedi summoning ritual. |
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Posted: 3/27/2019 5:40:35 PM EST
[#27]
Quote HistoryQuoted:
Want to see old folks with nothing left to lose go postal in record numbers should their 401K get seized |
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Posted: 3/27/2019 5:40:35 PM EST
[#28]
I’m worried about that but at the state level with my 457.
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Posted: 3/27/2019 5:41:07 PM EST
[#29]
Haircuts.
They won't just take them, they'll take a li'l bit at a time. Just like frogs in boiling water. |
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Posted: 3/27/2019 5:43:02 PM EST
[#30]
Quote HistoryQuoted:
SUCKAS! I don't have any! |
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Posted: 3/27/2019 5:43:11 PM EST
[#31]
Quote HistoryQuoted:
The government isn't just going to sieze anything. |
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Posted: 3/27/2019 5:43:56 PM EST
[#32]
Lol. If 401ks are seized it’s open season on bank/armored car robbery, Federal property seizure by citizens, and everything else that can of worms comes with.
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Posted: 3/27/2019 5:43:56 PM EST
[#33]
Quote HistoryQuoted:
Yeah they steal 401ks & it’s game on. 
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Posted: 3/27/2019 5:44:50 PM EST
[#34]
Quote HistoryQuoted:
I recently said fuck it and cashed mine out. Paid the penalty and all. Bought a second house and started renting one out. My retirement plan is 100% RE now. I'm hoping to add more properties as soon as I can. |
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Posted: 3/27/2019 5:47:40 PM EST
[#35]
Quote HistoryQuoted:
Lol. If 401ks are seized it's open season on bank/armored car robbery, Federal property seizure by citizens, and everything else that can of worms comes with. |
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Posted: 3/27/2019 5:50:15 PM EST
[#36]
If the .gov actually started seizing 401ks, nothing else would matter. The US economy would vaporize in less than one hour. The world economy would disappear within one hour after that.
It would literally be the reset button. |
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Posted: 3/27/2019 5:50:31 PM EST
[#37]
They did it in Canada years ago and no one said a thing. All they did was cut people’s govt pensions. The called it “claw back.” lol
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Posted: 3/27/2019 5:52:55 PM EST
[#38]
No. There are easier ways for them to get it without causing a revolution.
1) Higher inflation. Steals from everyone who has anything saved. 2) National sales tax, estate tax etc. |
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Posted: 3/27/2019 5:53:16 PM EST
[#39]
401k's won't be seized anytime soon.
But when enough Millennials and Zoomers get the numbers to become the majority voting block it will happen....... because it's not fair that you have a 401k and they have been carrying student loan debt for 40+ years and making minimum wage with their meme degree. |
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Posted: 3/27/2019 5:58:02 PM EST
[#40]
Quote HistoryQuoted:
I’m worried about that but at the state level with my 457. |
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Posted: 3/27/2019 5:58:53 PM EST
[#41]
Quote HistoryQuoted: Yep, all my money would be out, invested in gold American Eagles, and other metals. |
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Posted: 3/27/2019 5:59:09 PM EST
[#42]
Every man, woman and child in America needs to cough up $600,000 for AOC's Green New Deal. And if not the Green New Deal, something similar will eventually get enacted.
The Nazi's pulled gold out of peoples teeth with pliers to finance their vision. In comparison, your 401K is low hanging fruit ready for the harvest. |
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Posted: 3/27/2019 5:59:30 PM EST
[#43]
I could have sworn we just did this thread topic not even an hour ago.
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Posted: 3/27/2019 6:00:03 PM EST
[#44]
Quote HistoryQuoted: You could have done all of that inside an IRA, how sad. |
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Posted: 3/27/2019 6:00:34 PM EST
[#45]
It's going to happen.
1984 playing out in real time. |
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Posted: 3/27/2019 6:05:05 PM EST
[#46]
Only tarts stirring this pot are doofoos that have made poor life choices, seizure of poor man investments accounts ain't going to happen.
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Posted: 3/27/2019 6:06:04 PM EST
[#47]
"We have to pass it before we know what's in it."
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Posted: 3/27/2019 6:06:57 PM EST
[#48]
There would be a price to pay if my 401K got cashed by someone other than me.
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Posted: 3/27/2019 6:07:56 PM EST
[#49]
The government can appropriate the wealth through odious taxation.
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Posted: 3/27/2019 6:08:41 PM EST
[#50]
Quote HistoryQuoted:
If/when 401k's are "seized" it will be easy as pie Means test Social Security and medicare (medicare is already means tested). You got $200k or more in your IRA/401k/etc, no social security for you until you spend that shit down. Now we are all poor together. |
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