08-20-2012, 10:21 AM
- Join Date
- Apr 2012
08-20-2012, 10:55 AM
Isn't it cute how this FactsMatter person(who is sounding really Hazlnuttish) is buying into the class warfare garbage hook, line, and sinker?The Obama Administration: Deny. Deflect. Blame.
08-20-2012, 11:26 AM
IRS rules will allow you to contribute up to 15% of your income to a 401K, where you are employed. If you earn 150 million per year (while at Bain), that's 10 million that he can put in the account, every year.......when you leave that employment, you roll-over that account to an IRA......
08-20-2012, 11:29 AM
- Join Date
- Mar 2010
08-20-2012, 12:04 PM
Geez!!! This is ridiculous. With his income, business acumen and dedication to building his net worth it is a wonder it's not twice that.
When I cashed out from my last employer I received a cash balance from my retirement funds, what was left from a previous employer in similar circumstances, my 401(k) which had been doubled annually by employer contributions and rolled it all into one Fidelity IRA which I started RMDs two years ago.
I will not reveal the total but suffice it to say my IRA holdings increased 600% in 2 months as I consolidated all of the sources.
The bitter part of that is I could have left over half of that in a guaranteed 5% minimum return account for another decade but the IRS would not let me. As to the why, even they could not explain it as their take is the same regardless.It's not how old you are, it's how you got here.
It's been a long road and not all of it was paved.
A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
Originally Posted by Carol
08-20-2012, 01:12 PMIn Memory Of My Friend 1st Sgt. Tim Millsap A Co, 70th Eng. Bn. 3rd Bde 1st AD...K.I.A. 25 April 2005
Liberalism Is The Philosophy Of The Stupid
To Achieve Ordered Liberty You Must Have Moral Order As Well
The libs/dems of today are the Quislings of former years. The cowards who would vote a fraud into office in exchange for handouts from the devil.
08-20-2012, 01:14 PM
- Join Date
- May 2008
- Pierce County
Maybe the better question you should be asking is how could a TAX CHEAT get nominated and approved as a Treasury Secretary than worrying about how you can't make the money Romney does?
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