Monday, March 18, 2013

Many Americans Are Redeeming 401K's and IRA's to Pay Bills. Plus Paying Taxes and Penalties.

  • The government probably looked at this many trillions of retirement funds to balance the budget by raising taxes and penalty fees.
  • Or outright seizure of the funds.
  • Most of the funds have lost value since 2009.
  • Investors hanging in there to recoup loss.
  • How they can charge taxes and penalties on losses does not seem right.
More from the ARIZONA DIALY STAR by Shan Li, La Times. 

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