The income restrictions primarily apply to annual IRA contributions (of up to $5500). If you ever change jobs, you can roll over your 401K balance to a rollover (traditional) IRA. Then, later, you can convert it to a Roth IRA, which has no income restrictions after 2010 to do so. The only kick is that the Roth conversion is taxable as ordinary income in the year of the conversion, since a Roth IRA uses after-tax contributions.

I know. :) Just worth reminding people that we USED to have free will in terms of our healthcare choices. That is no longer the case.

Sorry, I was being rhetorical.

"Old" meaning the ones we had our own free will to choose prior to our Dear Leader's pick and choose implementation of Obamacare...

Please define "old" policies. Were those the ones that he ordered last week?

She is clearly mistaken, as our Dear Leader has assured us on numerous occasions that the "new" policies are better than the "old" policies, and I also recall The One saying that each family was going to save $2400 per year. She must have missed that somehow...

I wonder if she also called 911 when the drive-though at McDonalds didn't have her order made correctly?

A mother was complaining to Fivedollargold today that her son, who is in nursing school, could only get an expensive Obamacare policy with a $6000 deductible. She was having to pay for it as her son has no time to work while in an accelerated nursing program. (Note: He is older than 26, thus can't continue on her family policy.)

Agree with your analysis although affluent investors would probably not qualify for an IRA because of income restrictions.

" They will likely try to force 401Ks and possibly IRAs to only invest in US Treasuries."
The scenario of demanding they invest at least a percentage in Treasuries sounds plausible. They'd sell it as a) making sure unsophisticated investors don't take too much risk and b) preventing affluent sophisticated investors from putting all their high churn investments with short-term gains in the IRA while leaving their Treasuries outside the IRA.
The real reason would be to suppress Treasury yields so they can afford to keep borrowing and service existing debt. Even this move, though, would cause a backlash worse than the backlash for just getting the budget under control.

They do? <ahem>

The purchases were larger than $3K and by checks. The bank reporting requirements concerning large transactions sometimes have $3K or $10K thresholds, with some check purchases exempt. I can't claim to fully know how much of my legal purchases have been reported. Of course, the NSA can probably illegally reconstruct my purchase history without too much effort...

Gold and silver bullion coins, as a hedge against currency devaluation...

After every job change, I would rollover my 401K balance to an IRA. Then, when convenient, I would convert it to a Roth IRA (paying income tax on the conversion amount) for both tax-free growth and later tax-free withdrawal in retirement. Most of my conversions carefully avoided bumping me into the next tax bracket and were done while I am living in Florida (no state income tax).

Earlier this year, I had completed my last Roth IRA conversion and had the vast majority of my retirement savings in my Roth IRA. When contemplating what the Dems are planning, as well as limited IRA investment choices that offer a solid hedge against currency devaluation, I decided to hedge my bets by withdrawing Roth IRA contributions and the earliest conversions (that met the 5 year rule), to avoid the 10% early withdrawal tax penalty. If I ever decide to withdraw the rest, I would be hit with a 10% penalty.

Losing the tax-free growth on that amount was a difficult choice that was not taken lightly. But I wanted more of my retirement assets unencumbered by the whims of corrupt politicians.

Exactly. They will likely try to force 401Ks and possibly IRAs to only invest in US Treasuries. Their justification will be that it helps service the national debt (where 40% of the debt has to be serviced every 4 years with new debt) and indirectly helps Social Security (where the "trust fund" is almost entirely IOUs from Uncle Sam). Several Dems mentioned this late in 2013 but were quickly silenced by other Dems who didn't want to telegraph their future plans for responding to America's impending Greek-style bankruptcy.

When interest rates rise with inflation and make interest on the national debt very difficult to pay, the Feds will resort to many "emergency" moves to help delay the collapse. They may even change the rules to make withdrawals more difficult. So, my recent choices with my Roth IRAs was my way to hedge my bets, to a certain extent...

Let us agree to disagree on this point.

I wish it were the same spending... each department, on the basis of "baseline budgeting", is ensured a 5-9 percent increase per year. Only in Washington DC is that considered "flat spending".

Do they have your name, your SSN all your other vitals? Yes, you are in the system, just not using it.