Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
do you think obama's plan makes sense?
Obamas latest plan calls for congress to enable people to withdraw 15 % from their 401 k in cash and not pay penalty taxes on it.. just pay the deferred taxes... this will be applicable to 2008 and 2009 for 15 % <up to 10k >each year....
do you think it is reasonable in an age where VERY few people look like they will have enough money to retire... for our government to encourage people to steal from their retirement plans?
4 Answers
- 1 decade ago
Ha ha ha.....and everybody that does that will find the truth in the end. All this is proposing is that at the moment the money is taken out there won't be any taxes on it but come irs tax time that will be taxable income. So in the end taxes will be on the withdrawal and a lot of people won't be able to pay it then.
- david vLv 41 decade ago
my 401k dropped 40% in the last quarter... how is pulling out 15% of whats left going to help except to increase the fall in the market by removing that money from it.
