Can one of you guys help me with this? When I read it, all is see is that they intend to make a mandatory contribution to treasuries GOING FORWARD. I didn’t see the line where they are going to confiscate CURRENT 401k’s and mandatory convert them into treasuries or give them to someone else. Of course, I don’t like them doing ANYTHING with my money at all, but are we getting revved up over something that isn’t in the works yet? I mean, sure, I can see them saying that 3% of all future contributions must be in treasuries (and I hate it) but I haven’t seen anything yet. Thoughts?
That is my take on it. On a scale of of 0 to 10 the threat level is near zero for a change in tax treatment for retirement accounts while the republicans have the house.