"You know the difference between a hockey mom and a pit bull? Lipstick." -Gov. Sarah Palin-

"The media are not above the daily test of any free institution." -Barry M. Goldwater-

"America's first interest must be to punish our enemies, then, if possible, please our friends." -Zell Miller-

"One single object...[will merit] the endless gratitude of the society: that of restraining the judges from usurping legislation." -President Thomas Jefferson-

"Don't get stuck on stupid!" -Lt. Gen. Russel Honore-

"Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter." -Isaiah 5:20-

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Wednesday, October 15, 2008

How Much Will Your 401k Be Worth In The Next Four Years?

While Barack Obama is promising a tax cut to a majority of Americans, the truth is that his economic policies will send us spiraling into a deep recession if not a depression. One of the ways to see this clearly is to look at your 401k or other savings that you may have for retirement.

Americans For Tax Reform (ATR) has a 401k calculator that predicts what your 401k would look like under four different tax schemes. There is the Barack Obama plan, the John McCain plan, the House Dems' plan and the ATR Fantasy plan. Check it out:

If you know the value of your 401k, enter it in the box and then click "calculate." You'll see how much the value will go up or down as a result.

As bad as Barack Obama's plan is, the plan presented by Nancy Pelosi, Harry Reid and the Congressional Democrats is actually worse.

To find out what the ATR Fantasy plan is go to the following website:

Americans For Tax Reform

1 comment:

Don Davidson said...

An issue that has me concerned is the possibility of Congress eliminating the tax benefit of 401k plans on high income individuals.

Here is a link to the article: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081007/REG/810079894