- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Do you have a 401K? You might want to know this.
Posted on 2/15/26 at 9:56 am to GatorOnAnIsland
Posted on 2/15/26 at 9:56 am to GatorOnAnIsland
Glenn Beck has been talking about this for awhile. The possibility is there, as we don't technically own our stocks in our brokerage accts. The nation would go bonkers of course, but the possibility is there, legally.
The Blaze article from Jan'24, with YT link of Beck talking about it.
He recently did an interview with an author of a book, 'The Next Big Crash,' by Justin Haskins, and it goes deeper than what Beck talked about 2+yrs ago. Per Haskins...
The Blaze article from Jan'24, with YT link of Beck talking about it.
He recently did an interview with an author of a book, 'The Next Big Crash,' by Justin Haskins, and it goes deeper than what Beck talked about 2+yrs ago. Per Haskins...
quote:
DTC (Depository Trust Company) holds the pooled form of all securities (stocks, bonds, etc); individual investors essentially own contracts but not the real assets
This post was edited on 2/15/26 at 10:03 am
3
Posted on 2/15/26 at 10:03 am to OccamsStubble
quote:
Gov creates a faux medical emergency working with our greatest enemy, forces people to stay home while they print and send out money, and forces people to get shots that are described as vaccines but vaccinate no one
Yeah right.
This would never happen.
And if it did nobody would ever agree to inject an experimental drug into their body.
Posted on 2/15/26 at 10:03 am to GatorOnAnIsland
I haven’t read the article, but I assume the tax section pursuant to one holds an account isn’t relevant and it’s more about how the interest in stocks etc. (“securities”) is held by the end investor.
Posted on 2/15/26 at 10:04 am to LChama
It would be alot more than that. That is people's financial security. You think that people wouldn't be in the streets over that?
Posted on 2/15/26 at 10:04 am to GatorOnAnIsland
What the hell is an "entiety"?
Posted on 2/15/26 at 10:10 am to HagaDaga
Yes! This is where I heard this the first time recently. I trust Glenn Beck and don’t believe he is into fear mongering tactics
Posted on 2/15/26 at 10:12 am to GatorOnAnIsland
Yep, I always believed those IRA's and 401k were suseptable to confiscation. It's no secret the democrats were scheming to do that. Before New Gingrich and the Republicans gained control of Congress (1994-ish?) the democrats were holding public hearings on "the racism inherent in IRA and 401k's. It wasn't presented as that but clearly that was the intent - demonize those retirement instruments and eventually confiscate them.
It was basically a public hearing, with the usual "the IRA's are a white man racist scheme"undertone. I cannot remember which democrat senator presided over that public hearing? But I recall thinking - dang, they're stealing Social Security and now they looking for ways to confiscate (excuse me - steal) those IRA's and 401k's and pull them into S/S.
I recall they invited union members from the SEIU (Service Employees International Union) to share their thoughts on the "evils of IRA's".
The irony? Confiscation of those IRA's wouldn't even make a dent in that $38 trillion dollar national debt. Maybe pay the interest on the debt for a short time, maybe?
Yep, regardless they want to confiscate those IRA's and 401k's. But I believe,, absent another activist federal judge coming out of the shadows to prevent him, President Trump would put a stop to that.
They want that Oval Office.
It was basically a public hearing, with the usual "the IRA's are a white man racist scheme"undertone. I cannot remember which democrat senator presided over that public hearing? But I recall thinking - dang, they're stealing Social Security and now they looking for ways to confiscate (excuse me - steal) those IRA's and 401k's and pull them into S/S.
I recall they invited union members from the SEIU (Service Employees International Union) to share their thoughts on the "evils of IRA's".
The irony? Confiscation of those IRA's wouldn't even make a dent in that $38 trillion dollar national debt. Maybe pay the interest on the debt for a short time, maybe?
Yep, regardless they want to confiscate those IRA's and 401k's. But I believe,, absent another activist federal judge coming out of the shadows to prevent him, President Trump would put a stop to that.
They want that Oval Office.
This post was edited on 2/15/26 at 1:34 pm
Posted on 2/15/26 at 10:14 am to Beauregard96
Too bad for Ralph, but as soon as I discovered my 401k was loose, I tightened it up.
Posted on 2/15/26 at 10:24 am to LChama
quote:
Yeah, we might post harder
That's what she said
Posted on 2/15/26 at 10:26 am to HagaDaga
One of the Weinstein brothers was on Rogan talking about this the other day.
Posted on 2/15/26 at 10:43 am to GatorOnAnIsland
401(k) is a tax law. IRC Section 401, paragraph (k). It's not an account.
You do not own your 401(k) account balance. You haven't paid tax on it, thus it is not yours yet. It's simple to understand. The balances can be transferred to government accounts with the stroke of a pen. No intent to create hype here at all. Laws change.
You do not own your 401(k) account balance. You haven't paid tax on it, thus it is not yours yet. It's simple to understand. The balances can be transferred to government accounts with the stroke of a pen. No intent to create hype here at all. Laws change.
Posted on 2/15/26 at 10:51 am to GatorOnAnIsland
Anyone who misspells that many words can't be trussted,,,trusted.
entiety > entity
loose > lose
entiety > entity
loose > lose
Posted on 2/15/26 at 10:55 am to BestBanker
quote:
You do not own your 401(k) account balance. You haven't paid tax on it, thus it is not yours yet. It's simple to understand. The balances can be transferred to government accounts with the stroke of a pen. No intent to create hype here at all. Laws change.
You own the balance minus taxes owed. What are you talking about?
Anyone can make an argument for this fear porn. The same thing can be said for the money in banks and the government taking or freezing assets.
Posted on 2/15/26 at 10:56 am to HailToTheChiz
quote:
This guy is promoting his own book he just released. He's full of shite.
Thank you
Yes he is
Posted on 2/15/26 at 10:56 am to GatorOnAnIsland
Anyone that doesn’t know the difference between “lose” and “loose” isn’t worth my time. If he got that wrong, I’m not listening to his financial advice
Posted on 2/15/26 at 10:58 am to Spocks Brain
quote:
I trust Glenn Beck and don’t believe he is into fear mongering tactics
Posted on 2/15/26 at 10:59 am to GatorOnAnIsland
Why do people run here to post everything that’s on Twitter like it has to be true?
Twitter is full of bullshite.
Twitter is full of bullshite.
Posted on 2/15/26 at 11:14 am to HailToTheChiz
quote:
You own the balance minus taxes owed. What are you talking about?
You own nothing until you pay the tax. It's accounted to you. You cannot use it as collateral. First lien holder is... Congress was very very close to altering after 9/11. The talk was placing the balances into SS, and applying a guaranteed rate of around 3%. I'm not saying they would or will, but it's a tax law and tax laws change. This (my text) is not to be considered fear porn because that's not the implication.
Eta
quote:
Anyone can make an argument for this fear porn. The same thing can be said for the money in banks and the government taking or freezing assets.
It's not the same but you are correct that there are similarities. Yours is a very good argument for not having ones entire retirement savings in one place.
This post was edited on 2/15/26 at 11:17 am
Posted on 2/15/26 at 11:16 am to GatorOnAnIsland
When that guy can spell "lose", I'll consider listening to his advice.
Posted on 2/15/26 at 11:19 am to HagaDaga
If there is ever a significant financial meltdown we will see this in the US.
the test case for this was in Cyprus in 2013 where an unprecedented 'bail-in' occurred where the government imposed a one-time levy on all bank deposits and money disappeared overnight.
they deflected the outrage by saying it primarily affected deposits by 'Russian oligarchs' and deposits under 100,000 euro were protected.
This will eventually happen in the US.
Maybe not in your lifetime, but for sure your kids.
the test case for this was in Cyprus in 2013 where an unprecedented 'bail-in' occurred where the government imposed a one-time levy on all bank deposits and money disappeared overnight.
they deflected the outrage by saying it primarily affected deposits by 'Russian oligarchs' and deposits under 100,000 euro were protected.
This will eventually happen in the US.
Maybe not in your lifetime, but for sure your kids.
Page 2 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News