Showing posts with label pay bills. Show all posts
Showing posts with label pay bills. Show all posts

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.