tag:blogger.com,1999:blog-1592992209402300549.post7763355459172097281..comments2024-03-29T07:33:41.566-04:00Comments on The Silicon Graybeard: Congratulations, We're Officially BrokeSiGraybeardhttp://www.blogger.com/profile/00280583031339062059noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1592992209402300549.post-25907506070974778182011-05-17T18:54:40.064-04:002011-05-17T18:54:40.064-04:00The way I read this, he's going after governme...The way I read this, he's going after government retirement accounts because he can. It's harder to seize private sector funds, like a privately held IRA or 401k.<br /><br />Not that I think that could never happen. I expect this to lead to wider seizures. You don't take crack away from an addict and you don't take meat away from a junkyard dog. That's the analogy to asking this bunch to stop spending so much.SiGraybeardhttps://www.blogger.com/profile/00280583031339062059noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-19812767136613457122011-05-17T01:15:19.951-04:002011-05-17T01:15:19.951-04:00Oops. I jumped the gun on that one, reading "...Oops. I jumped the gun on that one, reading "pensions" where it said "retirements". Timmy is going after retirements first, but I don't expect federal 401k accounts to be too far behind in his desire to tap whatever funds he can. Especially seeing as how they have supposedly started doing that in several European countries.<br /><br />Anyway, since our TSP accounts are both 100% "G-funds", they probably are already worth next to nothing as it is. Although they spend like "real" money right now (as little as that is worth.)Reg Thttps://www.blogger.com/profile/14099612693763932005noreply@blogger.comtag:blogger.com,1999:blog-1592992209402300549.post-29947216707974965662011-05-17T01:07:08.485-04:002011-05-17T01:07:08.485-04:00I worked for 8.5 years at the VA as an R.N. During...I worked for 8.5 years at the VA as an R.N. During that time, I saved every penny I was allowed to by the IRS in my TSP (401k) account. I am living off of that now. I don't get a penny in retirement from the VA because I quit before I was eligible to get retirement.<br /><br />My wife was a medical technologist for forty years, the last six at the same VA hospital. We depend upon money we get from _her_ TSP account as well.<br /><br />I wouldn't mind them taking from the retirement account I will never get, although I paid some into that as well, but the money I saved myself should not be touched by those bastards. <br /><br />My RN license has lapsed because I haven't worked the number of hours necessary to maintain it, although I have been paying the $100+ (now $145) a year for renewal. So going back to work at my last occupation is no good. I'm too old for law enforcement - and I'm not sure I'd want to work with all the shaved-head neo-Nazis I've seen strutting around since I left the business back in 1995. And there aren't too many jobs available flipping burgers out there, either.<br /><br />If the Feds default on the money they steal from our two 401k accounts, and California defaults on the piddly $350 a month I get from working for CHP for 10.5 years, We are well and truly screwed. Makes me wonder if there are any clock towers in Timothy's neighborhood.Reg Thttps://www.blogger.com/profile/14099612693763932005noreply@blogger.com