My big worry is efforts to convert 401k assets to federal IOUs, uh, I mean Gubmit Bonds.
and someday, if and when that happens, payments back from new govt bonds issued to replace seized retirement accounts will be means-tested, like soon to be social security, so you only get back according to your “need” and you get to “contribute” to others who have “needs”
It is the ultimate grand redistribution of wealth of the middle class (the uppers will always have shelter and advance warning)
How many years left? 3? 4? 10?
Actually, they want to take your private retirement funds, pool them in “safe investments” and redistribute them to replace Socialist inSecurity. Dems have the legislation all ready to slam through in our government debt coming “crisis.” That is why Obama is trying to run down Social Security and Medicare so he can create the crisis for the elderly. He’s spending Social Security money on generous SSI benefits and he’s cutting Medicare to cover part of the cost of Obamacare.