Posted 11 October 2013 - 10:19 PM
Its not even the worst part of it, it is the depopulation agenda for the masses
losing health insurance, it is ultimately the confiscation of all 401k, IRA.
I do not know what I face for corp employees for one more year.
get out the irs form 433a and instructions and become an expert.
any property, 401k or IRA is balance sheet asset that becomes theirs
and will be liquidated to pay them. And they will force you to pay early penalty
and taxes on 401k/Ira to do it.
after those are depleted, the house etc will need liquidated
because this is every year cumulatively and compounding and never ends.
I am not sure of the ramp up of penalty but I believe it becomes 100% of the premium
now the 433a may also be a remedy, used to put people in noncollectible status,
they cannot take more than income minus statute spending allowance. See how that follows
when working out the 433a.
Another remedy may be to take out 401k/Ira proactively, pay the penalties and taxes and
salvage what is left into annuity.
Another remedy may be to go way down in income way below the confiscation exemptions,
that may be 25-30k income level, or all the way into welfare which pay about the best out
there for the masses.
I have not thoroughly worked out the 433a and will, on cursory review it appears that
any asset is your liability, it is theirs. So best not to be in possession of any
confiscatable asset. For example lease car not own, rent not mortgage.
Keep anything paid already, with a new lien, for example take a collateralized loan from the credit union
against a paid for car.
I beleive the only non confiscatable exempt property are whole life, annuity, foreign real estate,
I am doing those three.
I believe the annuity is necessary in tandem with the whole life, excess whole life cash may be your liability
and their confiscation asset, WL cash can be moved over into annuity and exempted that way.
Now they do not necessarily get 401k directly but irs counts that value as a confiscatable asset out of the balance sheet,
forcing liquidation of some other asset to the value of 401k.
So I dont add to 401k and need a technology to exempt it, which as far as I can tell is only to have no other
confiscatable liquidatable asset.
But I imagine they will also lien and keep claim on the 401k into eternity and people will never be able to get it out.
I will be working out these details seriously and will learn more, the point I am making for now is become a 433a
expert inside and out and see where the famaily balance sheet falls in and what can be done.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan