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Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ?
H.R. 2035: Automatic IRA Act of 2013; 113th Congress, 20132015. Text as of May 16, 2013 ^ | Aug 0, 2015 | Yosemitest

Posted on 08/09/2013 6:09:06 PM PDT by Yosemitest



TOPICS: Crime/Corruption; FReeper Editorial; Government; News/Current Events
KEYWORDS: 401k; bhofascism; criminalgovernment; democrats; govtabuse; highcrimes; ira; obama; obamacare; spreadthewealth; stealthewealth; tyranny
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Go get 'em !!!
Has anyone else heard of this or know about this?

Can they really steal our IRAs and 401Ks ?
1 posted on 08/09/2013 6:09:07 PM PDT by Yosemitest
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To: Mears

bfl


2 posted on 08/09/2013 6:10:51 PM PDT by Mears
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To: Yosemitest

Who will stop them? The republicans won’t.


3 posted on 08/09/2013 6:11:34 PM PDT by 17th Miss Regt
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To: Yosemitest

Is there anything they have shown to be unable to do?


4 posted on 08/09/2013 6:11:55 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: Yosemitest

“Can they really steal our IRAs and 401Ks ?”

Of course they can, and they will; not the first country to suffer from this ‘progressive’ idea.


5 posted on 08/09/2013 6:12:13 PM PDT by elpinta (Jer. 10:23 - It really holds true!)
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To: Yosemitest

Only if they don’t value family, property and themselves.

And to the NSA trolls, FU.


6 posted on 08/09/2013 6:12:22 PM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: NTHockey

You should put that NSA comment in your sig.

It’s good.


7 posted on 08/09/2013 6:14:17 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults)
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To: elpinta
since 401K's are the ONLY retirement accounts that normal, private industry workers have, then its ONLY them who will suffer....

the govt class has their already fat obscene defined pensions....

we lose again...

8 posted on 08/09/2013 6:15:38 PM PDT by cherry
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To: Yosemitest

They can steal them because they have the firepower.

That’s what the Civil War was really about: do the lawyers in Washington have the right to kill anyone who doesn’t obey them.


9 posted on 08/09/2013 6:15:57 PM PDT by warchild9
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To: Yosemitest

they can always increase the tax on them to 95%


10 posted on 08/09/2013 6:16:24 PM PDT by muir_redwoods (Don't fire until you see the blue of their helmets)
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To: Yosemitest

The mile high stack of blank Executive Order chits on his desk guarantees he can do most anything he wants.


11 posted on 08/09/2013 6:16:30 PM PDT by doc1019 (Get our troops the hell out of the ME)
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To: Yosemitest
There was a story here just the other day from Pennsylvania. Seems some old guy had a crappy yard filled with junk and his town didn't like it, and tried to take some of his property away from him.

He went downtown and started shooting at the town hall.

That was over a crappy yard filled with junk. If the government starts grabbing IRAs and 401Ks -- and don't get me wrong, I pretty expect them to try it -- but when they do, there really will be blood in the streets. That's Lexington Green all over. Some lines cannot be crossed without repercussions.

12 posted on 08/09/2013 6:17:34 PM PDT by ClearCase_guy (21st century. I'm not a fan.)
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To: Yosemitest

Teresa Ghilarducci Wants to Confiscate Your IRA, 401k & Pension

http://www.youtube.com/watch?feature=player_embedded&v=s9UD5UEJGEA


13 posted on 08/09/2013 6:18:47 PM PDT by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: 17th Miss Regt
Who will stop them? The republicans won’t.

That's the $64,000 question. I don't know what Zippy's waiting for. Maybe he's afraid of the one or two conservatives left in Congress --and the well-armed Tea Party.

14 posted on 08/09/2013 6:19:07 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: ClearCase_guy

There’s a lot of people who’ve already stored a lot of ammo to fight this war.


15 posted on 08/09/2013 6:19:17 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: Yosemitest
‘(1) IN GENERAL- The term ‘automatic IRA arrangement’ means an arrangement of an employer (determined without regard to whether the employer is required to maintain the arrangement)--

‘(A) which covers each qualifying employee of the covered employer for the calendar year,

‘(B) under which a qualifying employee--

‘(i) may elect--

‘(I) to contribute to an individual retirement plan, or to purchase a qualified retirement bond on behalf of the employee, by having the employer deposit payroll deduction amounts or make other periodic direct deposits (including electronic payments) to the plan or to be invested in retirement bonds (whether to the Secretary of the Treasury or to a designated trustee or other agent for that purpose), or

‘(II) to have such payments paid to the employee directly in cash,

‘(ii) is treated as having made the election under clause (i)(I) in the amount specified in paragraph (4) until the individual specifically elects not to have such contributions or purchases made (or specifically elects to have such contributions or purchases made at a different percentage or in a different amount), and

[automatic opt-in until employee opts out. -ed]

‘(iii) may elect to modify the manner in which such amounts are invested for such year,

‘(C) which meets the administrative requirements of paragraph (2), including the notice requirement of paragraph (2)(C), and

‘(D) which does not charge unreasonable additional fees solely on the basis that the balance in an automatic IRA is small.

16 posted on 08/09/2013 6:19:24 PM PDT by Excellence (All your database are belong to us.)
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To: cherry

“we lose again...”

Over and over again, still.
Not sure when or even IF this will end.


17 posted on 08/09/2013 6:19:58 PM PDT by elpinta (Jer. 10:23 - It really holds true!)
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To: Yosemitest
hehe..the rats won't know what's in store for 'em in '14.

18 posted on 08/09/2013 6:20:09 PM PDT by skinkinthegrass (who'll take tomorrow,$pend it all today;who can take your income & tax it all away..0'Blowfly can :-)
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To: phockthis
Thanks for the link.
May she be the first to be buried!
19 posted on 08/09/2013 6:20:23 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: ClearCase_guy
there will be no blood in the streets....you know it and I know it....

we're good little peasants and we'll put up with like we do everything else....

20 posted on 08/09/2013 6:20:43 PM PDT by cherry
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To: Yosemitest

H.R. 2167 (110th): Automatic IRA Act of 2007
H.R. 6099 (111th): Automatic IRA Act of 2010
H.R. 4049 (112th): Automatic IRA Act of 2012

Trying but continuing to fail


21 posted on 08/09/2013 6:20:58 PM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: doc1019

True.


22 posted on 08/09/2013 6:21:24 PM PDT by Lumper20
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To: Domandred
How many times do we have to tell these COMMUNISTS, "NO!" ?
It's time to shut them up, PERMANENTLY !
23 posted on 08/09/2013 6:23:02 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: Yosemitest

Can they really steal our IRAs and 401Ks ?

__________________________________________________________

For many years business’s would overcharge their customers on any number of items. They counted on MOST of them Not discovering these charges. When they did, it was a customer service issue and the problem or overcharge was corrected.

That is one form of theft.

The wholesale taking of someones money from their retirement accounts is brazen theft.

Look at what just happened in Cypress.

EDITORIAL: Grand theft Cyprus
Obama eyes a similar raid on 401(k) accounts

http://www.washingtontimes.com/news/2013/apr/18/grand-theft-cyprus/

I think they will push for a form of “transaction” tax, and broaden the definition of transaction to make this theft less noticeable.


24 posted on 08/09/2013 6:23:16 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: ClearCase_guy

The guy in Pa was a nut case. MIllions lost millions in the bank/real estate collapse and nobody when nutso.
Nutso will happen when freebees are cut of for the liberals, then you’ll see blood.


25 posted on 08/09/2013 6:24:17 PM PDT by Undecided 2012
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To: Yosemitest

I scanned this document an a term came up over and over, a “retirement bond”. Never heard of it, and I am well versed in this arena, I smell a rat here....


26 posted on 08/09/2013 6:24:23 PM PDT by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: Yosemitest

Expect Boehner to say that there is no way the House will take up this bill, and then start working on “components” of it, with Cantor carrying the water for him.


27 posted on 08/09/2013 6:26:37 PM PDT by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
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To: Yosemitest

They’ve been doing it already for years. Monetary policy, easy credit, monetization, QEI, QEII, QEInfinity....By whatever name you want to call it, they’ve been devaluing the currency and robbing our accounts of their purchasing power for years. It’s just a more stealthy and gradual way to do it than outright confiscation. But the end effect is the same.


28 posted on 08/09/2013 6:27:25 PM PDT by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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To: Yosemitest

May I post your comments to my Facebook?


29 posted on 08/09/2013 6:34:01 PM PDT by antceecee (Bless us Lord, forgive us our sins and bring us to everlasting life.)
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To: warchild9
That’s what the Civil War was really about: do the lawyers in Washington have the right to kill anyone who doesn’t obey them.

And that's what the next will be about, too.

30 posted on 08/09/2013 6:34:53 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: kevao
I agree!
Being retired military, I've seen the declining value of the Dollar, and I'm familiar with exchange rates from being overseas.
I'll celebrate the death of the Kenyan TURD, and it can't come too soon!
31 posted on 08/09/2013 6:36:46 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: cherry
we're good little peasants and we'll put up with like we do everything else....

I dunno; this would be personal to a LOT of people. I'm sure at least one would find it beyond bearable.

32 posted on 08/09/2013 6:37:16 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: antceecee

Be my guest!


33 posted on 08/09/2013 6:37:35 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: Yosemitest

They are going to find a way to tax the tax-free income that was promised when 401ks & IRAS were set-up. Bet on it. There’s tens of billions of dollars sitting around in these accounts as the baby-boomers age. Expect the tax grab once Hillary steamrolls the Loser Jeb or fat-boy Christie in 2016. God help us all.


34 posted on 08/09/2013 6:37:41 PM PDT by LongWayHome
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To: taildragger
I've never heard of a government “retirement bond” either.
Will it turn out like the government's stealing of 716 BILLION DOLLARS from the Medicare funding?
It'll probably be WORSE !
35 posted on 08/09/2013 6:42:09 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: Yosemitest

They will take it.

It could be 20 years from now, but anyone who thinks that any government on Earth will permit these type of retirement plans to bear fruit is ignorant of the history of man, and the greed of government.


36 posted on 08/09/2013 6:44:58 PM PDT by Noamie
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To: Yosemitest

I believe that video is from 2004, not positive because I haven’t watched it in a few years.

I do know they have been talking about it since then though.


37 posted on 08/09/2013 6:45:57 PM PDT by phockthis (http://www.supremelaw.org/fedzone11/index.htm ...)
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To: Yosemitest
While America either sleeps or is mesmerized by “Idol” or “Dancing” or “Bachelor” - the socialists have been plotting to ‘get control of the retirement accounts" since at least 1980.

It was part of their stated goals in their new organizing strategy after they lost to Reagan -

There's been plenty of time to stop this - but people are too busy doing nothing to pay attention - we get the gov;t we deserve...

38 posted on 08/09/2013 6:46:16 PM PDT by maine-iac7 (Christian is as Christian does - by their fruits)
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To: taildragger
Taildragger (I ass/u/me you're a carrier pilot) do you think I can wait until 2016 to drain my P.M. I.R.A. ?
Or do you think that that's too long, and the thieves in the government will take it?
39 posted on 08/09/2013 6:46:16 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: cherry
there will be no blood in the streets....you know it and I know it....

If they touch my hard earned dollars that I will need in the near future...there will definitely be blood in the streets. I'll start it if I have to.
40 posted on 08/09/2013 6:49:45 PM PDT by jy8z (When push comes disguised as nudge, I do not budge.)
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To: Yosemitest

The first I heard of it was in the last year of Bush43, by some Kali Dem congresscritter.


41 posted on 08/09/2013 6:52:43 PM PDT by Calvin Locke
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To: Yosemitest

ping


42 posted on 08/09/2013 6:55:32 PM PDT by FrdmLvr (Qui pacem, praeparet bellum.)
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To: FrdmLvr
Great quote !
43 posted on 08/09/2013 7:00:16 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: LongWayHome
They are going to find a way to tax the tax-free income that was promised when 401ks & IRAS were set-up.

I've been in 401k (and now converted to IRA in retirement) since they initiated in the early 80s. I don't remember any promise that they were tax-free. They have always been tax-deferred.

44 posted on 08/09/2013 7:02:04 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: nascarnation
Have you heard of a Roth IRA?
45 posted on 08/09/2013 7:08:08 PM PDT by Yosemitest (It's Simple ! Fight, ... or Die !)
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To: Yosemitest

Ping for reference.


46 posted on 08/09/2013 7:08:33 PM PDT by grobdriver
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To: Yosemitest

Certainly, but in the context of his comment, there was no mention of Roth.


47 posted on 08/09/2013 7:09:33 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Yosemitest

This bill is in a House Committee. All bills are assigned to a committee when they are introduced. It is a Democratic bill. Republicans control the House. Republicans control the committee. How far do you think this bill is going to go? All they have done is show their hand. They are thieves.


48 posted on 08/09/2013 7:10:17 PM PDT by La Lydia
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To: Yosemitest
>>There’s a lot of people who’ve already stored a lot of ammo to fight this war.<<

These jackasses are oblivious to the power and ingenuity of the average Joe-six-pack.

They keep pressin ahead, sooner or later Joe's gonna come out a swingin.

49 posted on 08/09/2013 7:11:10 PM PDT by servantboy777
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To: Undecided 2012

Ah, yes. And Ruby Ridge was some ‘nut case’. Waco was some ‘nut case’....

That guy had a line, and they crossed it. When you’re being stuffed into the box cars, it’s a tad too late to fight.


50 posted on 08/09/2013 7:13:19 PM PDT by i_robot73 (Gov't always start as MAY and SHOULD, but soon becomes one of WILL and SHALL. Never let them START.)
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