modify it so a portion of the social secuirty goes there instead of this new scam.
from FReeper Dahoser on a thread yesterday...
He’s laying the groundwork for confiscating 401(k)’s and moving to the government-run Guaranteed Retirement Account put forth by Columbia professor Theresa Ghilarducci:
http://www.sharedprosperity.org/bp204/bp204.pdf
and this from Jane Long (h/t WhenIfHow) from same thread...
Check your 401K and Retirement Plan! Plans being switched to ALL Government Bonds without Approval. Finding out by Retirement End of Year Statements
http://sherriequestioningall.blogspot.com/2014/01/check-your-401k-and-retirement-plan.html
http://www.freerepublic.com/focus/f-news/3116914/posts?q=1&;page=51
“I hope that fear can make us all get real. The coming retirement income security crisis is a shared problem; it is not caused by a set of isolated individual behaviors. My plan calls for a way out that would create guaranteed retirement accounts on top of Social Security. These accounts would be required, professionally managed, come with a guaranteed rate of return and pay out annuities. This is a sensible way to get people to prepare for the future. You don’t like mandates? Get real. Just as a voluntary Social Security system would have been a disaster, a voluntary retirement account plan is a disaster.” Teresa Ghilarducci
http://www.nytimes.com/2012/07/22/opinion/sunday/our-ridiculous-approach-to-retirement.html?_r=0