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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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