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To: Terry Whitman who wrote (22315)2/27/1999 2:17:00 PM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
The thing that really makes me mad about retirement accounts is that I can't leverage them. I want margin up the wazoo or more!



To: Terry Whitman who wrote (22315)2/27/1999 2:22:00 PM
From: Bonnie Bear  Read Replies (2) | Respond to of 86076
 
ah yes..the retirement account...you're supposed to accumulate a million dollars in there and not take it out until you're 60...then you only have ten years to take it out, all taxed at maximum rates. That's how the feds plan to pay for future social security payments, it will come from the highest possible tax revenue on the 401Ks and IRAs when they are sold out. and then the people who actually saved enough to pay the taxes will not be eligible for social security..that money will go to their spendthrift brethren who spent their 401Ks instead of saving it.