Watched MSNBC after 8 anytime recently? If you have you'll know they are facing a crisis. George Bush is leaving Washington. Entire shows on MSNBC revolve around the host's biting hatred on the president. This certainly isn't to say that there aren't legitimate reasons to criticize the Bush administration, but guess what he's leaving. Still with a historic inauguration only a day away MSNBC hosts just can't see past their hatered. So what will these shows turn into? Will there be big pockets of dead air, where indignant rants about Bush 43 used to be? Will they look for someone else to tear down, possibly a Governor from Alaska? Is MSNBC a one trick pony, or will they be able to adapt to a popular Democrat as president?
Showing posts with label family investments. Show all posts
Showing posts with label family investments. Show all posts
Tuesday, January 20, 2009
Friday, October 31, 2008
401K's in Jeopardy
Retirement funds, particularly 401K's, are at risk. As previously mentioned in the article Democrats Discuss Taking Over People's 401K's Democrats are looking to eliminate the tax break for 401K's and to subsidize a takeover of these savings plans. Investment New reports in their article House Democrats contemplate abolishing 401(k) tax breaks point out the problems with this plan.
"From where I sit that's just crazy," said John Belluardo, president of Stewardship Financial Services Inc. in Tarrytown, N.Y. "A lot of people contribute to their 401(k)s because of the match of the employer," he said. Mr. Belluardo's firm does not manage assets directly.
Higher-income employers provide matching funds to employee plans so that they can qualify for tax benefits for their own defined contribution plans, he said.
"If the tax deferral goes away, the employers have no reason to do the matches, which primarily help people in the lower income brackets," Mr. Belluardo said.
US News and World Report has also written articles on Democrats plans to target 401K's and retirement plans if they obtain control of the presidency and congress...
Why Democrats Will Target the Investor Class in 2009
Would Obama Dems Kill 401K Plans?
Hat Tip other bloggers covering this issue...
Smart Girl Politics Kiss Your 410K Good Bye
Ms Placed Democrat Obama's 401K Plan is Nothing More Than a Junk Bond
Say What You Really Mean Under President Obama Kiss Your 401K Goodbye, Your Net Pay Shrinks, And The Constitution Will Be Walked On Like It's His Daily Exercise Routine.
401K's in Jeopardy
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