Quote:
Originally posted by Diane_Keaton
Dang. I don't think I can bear to vote R this election unless the candidate is McCain. Let me ask this then -- do you think "means-testing" will take into existing 401K and savings and what not at the time of retirement? B/c I'm not going to have much of that and may qualify as "poor".
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No one has touched that third rail yet, so who knows what it would look like. My guess is that it will not be means tested like college scholarships but instead will have two components--full taxation of benefits for those with income over a certain amount. And a reduction/limitation in the maximum benefit payable at the high end. If I were asked to design a true "means test" it woudl certainly take into account existing 401k and probably savings as well (401k is easy to take into account through income because of the required minimum distributions).
BTW, missing out on Sarkozy must
really be hurting now. On the other hand, his girlfriend sounds
like a bit of a strompet, so perhaps there will be a chance soon.
