Posted On: 12/04/2014 8:46:41 PM
Post# of 30038
I don't mind paying my fair share either (and I've paid a ton already), but I also don't like them changing the rules on retirement savings for those who follow their rules and do exceptionally well, only to have the rug pulled out from under them because our government won't control their own spending and balance their budget, and start to view retirement accounts as resources for their continued lack of fiscal responsibility. If we all ran our personal finances like the government runs theirs, we'd all be bankrupt.
It irritates me to no end for some government as swipe like Obama thinks they have the right to decide what is a "good enough" retirement income for the American people. Isn't that up to each of us to determine for ourselves, and invest accordingly?
This all started in the last presidential election, where it was discovered Romney had more than $100 million in his IRA. He invested in his own business holdings, which he was legally allowed to do, and did fantastically well. It wasn't a Roth IRA, and he will be taxed upon withdrawals, but many people without adequate retirement savings felt it was wrong for anyone to have that much. I disagree. I congratulate him for making such great investments within the boundaries of the law. Why should he be punished? He should be a model for the rest of us to invest and become wealthy as well.
It irritates me to no end for some government as swipe like Obama thinks they have the right to decide what is a "good enough" retirement income for the American people. Isn't that up to each of us to determine for ourselves, and invest accordingly?
This all started in the last presidential election, where it was discovered Romney had more than $100 million in his IRA. He invested in his own business holdings, which he was legally allowed to do, and did fantastically well. It wasn't a Roth IRA, and he will be taxed upon withdrawals, but many people without adequate retirement savings felt it was wrong for anyone to have that much. I disagree. I congratulate him for making such great investments within the boundaries of the law. Why should he be punished? He should be a model for the rest of us to invest and become wealthy as well.
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