tag:blogger.com,1999:blog-6244999628674918029.post3622521461704575312..comments2024-03-28T03:06:18.182-05:00Comments on Bayou Renaissance Man: More fallout from the current economic nightmarePeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6244999628674918029.post-26100218023953017862009-08-04T09:55:24.144-05:002009-08-04T09:55:24.144-05:00Retirement? I gave up on that one along time ago. ...Retirement? I gave up on that one along time ago. I have spent most of my life either working jobs where the were no benifits like paid vacations or matching retirement funds. Now I am self employed. I feel sorry for those with 401K's, as the Argentine precedent grows ever closer. (yes, those private retirment accounts were nationalized by the Argentine Gov.) As we slip futher and further into economic disaster the temptation to seize those accounts here will become irresistable. They are probably one of the largest as yet untouched pool of money out there. <br /> And if anyone thinks they are going to be somehow taxed at a lower rate when the funds are withdrawn, I have this bridge to sell you. The current administration views savers as the enemy. After all, you must have been exploiting someone if you actually had enough moeny to save a bit.ravennoreply@blogger.com