Keyword: 401k

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  • U.S. Stocks End Lower

    08/05/2014 5:58:55 PM PDT · by SkyPilot · 19 replies
    Wall Street Jounal ^ | 5 Aug 14 | Saumya Vaishampayan
    U.S. stocks slid on Tuesday, with the Dow industrials posting their fourth loss in five sessions. Traders said the selling was kicked off by remarks from a Polish official warning about the potential for Russia to invade Ukraine. But traders said the scope of the declines reflected low volumes and a lack of other news. The Dow Jones Industrial Average dropped 139.81 points, or 0.84%, to 16429.47. The S&P 500 lost 18.78 points, or 0.97%, to 1920.21 and the Nasdaq Composite Index fell 31.05 points, or 0.71%, to 4352.84. "This hit the tape, and all of a sudden the market...
  • How to Use This Shockingly Simple Method to Immediately Improve Your Investment Returns

    05/03/2014 10:19:54 AM PDT · by SeekAndFind · 15 replies
    Townhall ^ | 05/01/2014 | Nicholas Vardy
    You may already be familiar with the catchy bit of investment advice to “sell in May and go away.” Historically, the first day of May kicks off a seasonally weak period for stock prices that lasts through October. That also means that most of the gains in the U.S. stock market come from the period between the start of November and the end of April. This implies a shockingly simple strategy: Invest in an index fund during November through April and then switch into money market funds until the next November, and you’ll be much better off than an investor...
  • Get Ready for Regulators to Peer Into Your Portfolio

    05/03/2014 9:08:48 AM PDT · by Innovative · 27 replies
    Wall Street Journal ^ | jason Zweig
    In December, the Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls Cards, an electronic system that would regularly collect data on balances and transactions in brokerage accounts. But some critics think it could endanger the privacy and security of investors’ confidential data. Under Cards (which stands for Comprehensive Automated Risk Data System), Finra would collect—probably weekly—a record of activity at all of the more than 4,100 brokerage firms nationwide.
  • People Over Profits: How Social Media Can Help Us Combat Gun Manufacturers

    05/02/2014 11:36:37 AM PDT · by 2ndDivisionVet · 30 replies
    PoliticusUSA ^ | May 2, 2014 | Trevor LaFauci
    After more than twenty years of trying, there’s no way to avoid the following conclusion: The gun manufacturers of America cannot be swayed by reason. This past week alone, we saw just how true this statement has become. On Tuesday morning, a gunman opened fire at a FedEx facility in Kennesaw, Georgia wounding six people before being shot and killed himself. Kennesaw is famous for being the Georgia town where every household is mandated to own at least one gun. Although the law is not officially enforced, it is estimated that roughly 50% of town residents do, in fact, own...
  • 401Ks (Vanity)

    05/01/2014 12:25:33 PM PDT · by TennesseeGirl · 47 replies
    Self ^ | 05/01/2014 | Tennesseegirl
    Questions about 401Ks.
  • Learning about fees charged to your 401(k) could take serious sleuthing

    04/14/2014 5:39:25 AM PDT · by TurboZamboni · 4 replies
    pioneer press ^ | 4-13-14 | ap
    Where to find the fees charged by your 401(k) retirement funds? "Sorry to say there isn't an easy answer to where to find all expenses on retirement accounts, which is definitely part of the problem," says Jennifer Erickson, co-author of a new study of 401(k) fees by the Center for American Progress. Your quarterly statement may not show all the fees and "can be even more confusing," Erickson says. Most fees —more than 80 percent of them — are covered by a plan's "expense ratio." The expense ratio includes recurring fees you're charged when you invest in a fund. The...
  • Obama plan: Cut tax breaks for richest retirement savers (Camel's nose under the tent)

    02/22/2014 11:34:32 AM PST · by Red in Blue PA · 35 replies
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama plan: Cut tax breaks for richest retirement savers

    02/21/2014 1:32:19 PM PST · by stevie_d_64 · 44 replies
    Wall Street Journal (Market Watch) ^ | February 21, 2014 | Robert Powell
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama plan: Cut tax breaks for richest retirement savers

    02/21/2014 10:56:56 AM PST · by reaganaut1 · 60 replies
    Market Watch ^ | February 21, 2014 | Robert Powell
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. According to the report, the proposals are designed to direct more of...
  • Exclusive: EU executive sees personal savings used to plug long-term financing gap

    02/14/2014 10:36:17 AM PST · by BradtotheBone · 17 replies
    Reuters ^ | Wed Feb 12, 2014 6:00pm EST | Huw Jones
    (Reuters) - The savings of the European Union's 500 million citizens could be used to fund long-term investments to boost the economy and help plug the gap left by banks since the financial crisis, an EU document says. The EU is looking for ways to wean the 28-country bloc from its heavy reliance on bank financing and find other means of funding small companies, infrastructure projects and other investment. "The economic and financial crisis has impaired the ability of the financial sector to channel funds to the real economy, in particular long-term investment," said the document, seen by Reuters. The...
  • As 'Retirement Gap' Concerns Reach Across Partisan Divide, Senators Propose Savings Solutions

    02/14/2014 3:08:26 AM PST · by Cincinatus' Wife · 40 replies
    Roll Call ^ | February 12, 2014 | David Harrison
    When President Barack Obama introduced a new retirement savings plan during his State of the Union speech last month, the Republican response was uncharacteristically muted. Although Republicans were upset about the president’s new reliance on executive authority to push his agenda, they had few harsh words about the details of the retirement idea. Dubbed MyRA, Obama’s initiative is intended to allow workers who do not have access to other workplace savings plans to open an account overseen by the government that would invest in low-risk Treasury bonds. It’s a relatively modest proposal, one that would be entirely voluntary for employers...
  • Obama step closer to seizing retirement accounts

    02/14/2014 5:48:59 AM PST · by SkyPilot · 65 replies
    WND ^ | 28 Jan 14 | Jerome R. Corsi
    <p>When you hear, “Hello, I’m from the federal government and I want to help you manage your retirement savings,” the best advice is to run away, as fast as you can.</p>
  • Prepare For When The New MyRA Becomes "TheirRA"

    02/10/2014 11:11:19 AM PST · by blam · 10 replies
    Market Oracle ^ | 2-10-2014 | Peter Krauth
    Prepare For When The New MyRA Becomes "TheirRA" Personal_Finance / Pensions & Retirement Feb 10, 2014 - 06:47 PM GMTPeter KrauthBy: Money_Morning Personal Finance Peter Krauth writes: In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare...
  • Prepare Now for When the New MyRA Becomes "TheirRA"

    02/10/2014 7:24:55 AM PST · by Vigilanteman · 21 replies
    Money Morning ^ | 10 February 2014 | Peter Krauth
    In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare for now... What MyRA Really Means Like most government programs, getting to their essence can take some sifting. So I've distilled here what I think are the...
  • The shape of 401k's to come

    02/08/2014 4:26:40 AM PST · by Libloather · 33 replies
    MSN ^ | 2/07/14 | Mark Miller
    **SNIP** The biggest change will be a new emphasis on retirement readiness, rather than simply getting workers to join a plan and contribute. The idea is to focus on actual retirement outcomes, and it reflects apprehension about the large number of Americans who are approaching retirement unprepared. If that's something you're worried about, it turns out your boss shares your concern. The 2013 Retirement Confidence Survey by the Employee Benefits Research Institute (EBRI) found that just 13 percent of workers are very confident they will have enough money to live comfortably in retirement. And a 401k benchmarking survey released last...
  • AOL cuts benefits, blames Obamacare

    02/07/2014 9:17:59 PM PST · by ConservativeStatement · 13 replies
    CNN Money ^ | February 6, 2014 | Tami Luhby
    AOL became the latest company to blame Obamacare for cutting back on employee benefits. The tech firm will now pay its 401(k) company match only to employees who are active on Dec. 31 of that year, as opposed to in their paychecks throughout the year. So those who leave the company before the end of the year will forfeit the match.
  • California's — And America's — Pension Debacle On Its Way: Watch Your Wallets

    02/06/2014 6:36:25 AM PST · by SeekAndFind · 9 replies
    IBD ^ | 02/06/2014 | Mark Bucher
    Hold on to your wallets, folks. Without a powerful intervention, California may soon become the first big domino to fall in America's public pension debacle. To help prevent catastrophe, the California Public Policy Center (CPPC) has just made public a new database detailing the size and scope of the state's outsized expenditures on public employees — the largest ever compiled in California. Legislators and voters should take note, because California can't afford another round of fact-free partisan warfare. As recently reported in the New York Times, the fate of California cities such as Desert Hot Springs — where civic bankruptcy...
  • The Countdown to the Nationalization of Retirement Savings Has Begun

    02/05/2014 12:30:52 PM PST · by SeekAndFind · 31 replies
    International Man ^ | 02/05/2014 | Nick Giambruno
    Simply put, the new myRA program put forward by Obama is at best a sucker's deal… or worse, it's a first step toward the nationalization of private retirement savings. (Note: If you haven't yet heard of myRA, I'd strongly suggest you read this excellent overview by my colleague Dan Steinhart.)Even before the new myRA program was announced, there had been whispers about the need for the US government to assume some risk for US retirement accounts. That's code for forced conversion of private retirement assets into government bonds.With foreigners not buying as many Treasuries and the Fed tapering, the US...
  • The trouble with Obama’s myRA plan: Retirement plan helps those with no 401(k), but not much

    02/02/2014 11:54:41 AM PST · by SeekAndFind · 18 replies
    MarketWatch ^ | 02/02/2014 | Chuck Jaffe
    Real life isn’t always a “Field of Dreams,” where “if you build it, they will come.” Instead, there are times when you build it, and they go “Ho-hum,” and mostly ignore you. So while any effort to encourage increased retirement savings among workers deserves to be applauded — arguing against increased savings is like disputing the value of parenthood and apple pie — it’s hard to see President Obama’s myRA program achieving most of its goals, because once you get past what he described during the State of the Union address, it appears to be a lot of wishful thinking....
  • The MyRA Propaganda Begins: "A Start To A Secure Retirement" Promises Treasury Secretary

    01/30/2014 1:59:09 PM PST · by Rusty0604 · 53 replies
    Zerohedge ^ | 01/30/2014 | Tyler Durden
    You didn't think the US could at first slowly, and then all of a sudden, expropriate retirement accounts and invest them in the "no risk, guaranteed return" MyRA Ponzi scheme introduced by Obama during the State of the Union address without lots of behavior-modifying indoctrination in the "friendly press" first now did you? Sure enough, here is the first major propaganda salvo, coming from none other than the US Treasury Secretary, Jack Lew, which will be published tomorrow across the McClatchy media empire. * * * Just out from the US Treasury Department, "In an op-ed to be published in...
  • Huge See, I Told You So from 2008: Democrats Try To Take Your 401(k)

    01/30/2014 5:00:06 AM PST · by EBH · 63 replies
    Rush Limbaugh ^ | 11/1/2010 | Rush Limbaugh
    RUSH: Well, now, that's fascinating you mention that, because that's the next item up in my Stack of Stuff and I talked about this weeks ago, maybe even months ago when Tom "Dung Heap" Harken proposed this. Now, before you condition Alicia, let me refer to what she's talking about. It's Mark Hemingway in the Washington Examiner: " Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that....
  • Financial Repression From The Obama Administration: How Savers May Be Forced To Buy Federal Debt

    12/23/2013 7:19:46 PM PST · by bkopto · 65 replies
    Forbes ^ | 12/23/2013 | William Tucker
    Some experts are concerned that the Obama Administration is poised to begin forcing Americans to stock their retirement accounts with low-return government bonds. Richard Cordray, director of the Consumer Financial Protection Board, told Bloomberg News that his new regulatory agency was mulling a move to control the $20 trillion that Americans have invested for retirement. He specifically mentioned 401(k) plans and IRAs. “That’s one of the things we’ve been exploring,” Cordray told Bloomberg reporter Carter Dougherty in January. Cordray’s seemingly stray comment was largely ignored by mainstream and financial media, but won the attention of fund managers and economists. SNIP...
  • Obama's Plan to Snatch Your Savings - Now he has his sights set on your 401(k)

    12/05/2013 4:34:37 AM PST · by bestintxas · 88 replies
    am thinker ^ | 12/5/13 | j folks
    In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k). The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One egregious attempt was the proposal, following the 2010 financial crisis, to "safeguard" retirement savings by requiring that they be rolled over into Treasury bonds. Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans. The funds would have been used...
  • Taking control of your 401K

    09/16/2013 9:55:52 PM PDT · by SteelTrap · 18 replies
    Ann Barnhardt ^ | 9/14/2013 | Ann Barnhardt
    Big Momma Barnhardt has an example of a form letter to send to your HR monkey to request that you can move your money to a company you trust. Trust being a relative term. Who should care? Anyone with a retirement fund but especially folks with all their eggs in one basket. People who have worked at the same company for a while are likely to have all their eggs in one basket. Enron you say?
  • Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ?

    Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ? Aug 9, 2013 I want to know what other Free Republic Members know about this H.R. 2035: Automatic IRA Act of 2013 I got an e-mail stating: "Obama & BIG Government Are Planning To Seize Retirement Accounts!" President Obama’s FY2014 Budget Plan brings us one Large step closer to De-Privatizing IRA’s & 401k’s. Much like Obamacare, Obama’s “Automatic IRA” will force employers with 10 employees or more, to “automatically” enroll their workers in the new Government run accounts. Obama’s Automatic IRA will be managed by the Social...
  • How the IRS Wrecked Your Pension: Don't blame the fund managers, blame the tax code.

    05/10/2013 8:37:00 AM PDT · by SeekAndFind · 2 replies
    Daily Beast ^ | 05/10/2013 | Megan McArdle
    This week, I had a piece in the magazine arguing that retirement is trouble. That's a golden oldie for those of you who've been reading a while; my favorite evergreen topic is haranguing my readers to save 15-20% of their income, or fer goshsakes at least 10%, towards retirement. (I mean it guys. You need to save more.) But this piece had an interesting peg: Republic Services, Inc. is in the middle of an epic battle with the Teamsters International over the pension plans that cover their workers. Up until recently, Republic teamsters have been covered by the rather notorious...
  • Obama budget caps tax-deferred retirement contributions to … half of what he’ll get

    05/03/2013 1:38:42 PM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 05/03/2013 | Ed Morrissey
    Yesterday, I linked Liz Peek’s column from The Fiscal Times pointing out that Barack Obama’s new budget has oddly stringent caps on tax-deferred savings in IRAs and 401Ks. Liz asked why Obama wants to punish savers. Today, Allen Sloan asks in the Washington Post why Obama wants twice as much in retirement benefits than the rest of Americans can build in tax-deferred savings, at least under the budget Obama proposes: For starters, the point at which Obama wants to eliminate the ability of you and your employer to deduct contributions to your retirement account isn’t actually the $3.4 million in his...
  • Now He's After Your 401(k): Obama's budget for fiscal 2014 caps what you can save in your IRA

    05/01/2013 10:39:14 AM PDT · by SeekAndFind · 62 replies
    How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as you can in your 401(k), and even pay taxes now to change your regular IRA into a Roth IRA that will be tax-free until you die? Well, be careful how much you save. That's the message in President Obama's budget for fiscal 2014, which for the first time proposes to cap the amount Americans can save in these tax-sheltered investment vehicles. The White House explanation is that some people have accumulated "substantially more than is needed to fund reasonable levels of...
  • OBAMA’S NEW BUDGET WILL DESTROY YOUR IRA’S AND 401K ACCOUNTS…

    05/01/2013 5:21:22 AM PDT · by SeekAndFind · 32 replies
    The National Deficit, along with the lack of demand for Treasury Bonds, leaves the government with no other option!And what you don’t know can hurt you!Goldworth Financial first uncovered the early blueprint of our government’s plot to seize retirement accounts in early 2009. Since that time, we have come up with 10 Basic Questions that people have about this issue: 1. Who’s behind the plot to confiscate retirement accounts?The government takeover of private retirement accounts is a concept first drawn up by Teresa Ghilarducci, who was funded by the White House, the Ford Foundation, and the Rockefeller Foundation. President Obama’s...
  • Obama: ‘Prohibit’ Americans from Saving More Than $3M in Retirement Accounts

    04/11/2013 8:40:23 AM PDT · by Sub-Driver · 39 replies
    Obama: ‘Prohibit’ Americans from Saving More Than $3M in Retirement Accounts April 11, 2013 By Terence P. Jeffrey Subscribe to Terence P. Jeffrey RSS President Barack Obama (CNSNews.com) - President Barack Obama’s proposed budget would simultaneously compel Americans to enroll in a tax-deferred retirement account and “prohibit” them from saving more than $3 million in such accounts. That sum, Obama’s budget argues, is all that is “needed to fund reasonable levels of retirement saving.” Under current law, American who save money in tax-deferred retirement accounts are taxed on the money in such accounts when they withdraw it--and are charged an...
  • Obama $3 million plan accumulation cap blasted (the pResident's class warfare on parade)

    04/10/2013 10:51:41 AM PDT · by machman · 15 replies
    Employee Benefit Advisor ^ | 4/10/13 | Richard F. Stolz
    The federal budget that President Obama will propose today is expected to contain a provision limiting IRA and defined contribution plan accumulations to $3 million. Alternatively, it seeks to accomplish the same goal by imposing a limit based on the cost of purchasing an annuity equivalent to the top benefit allowed for defined benefit plans. Even before the plan was unveiled, the Employee Benefit Research Institute (EBRI) began analyzing its possible impact. At the same time, the proposal has been blasted as a “plan killer” by Brian Graff, Executive Director and CEO of the American Society of Pension Professionals and...
  • Why A Cyprus-Like Seizure Of Your Money Could Happen Here

    04/08/2013 10:43:49 PM PDT · by Tolerance Sucks Rocks · 29 replies
    Forbes ^ | March 25, 2013 | Steve Forbes
    Don’t put it past our politicians to try it in a financial emergency. The breaking of contracts by the U.S. government, unfortunately, has happened before, and what’s under way in Cyprus shows that feckless politicos will continue to try such things. In 1933–34, amid the depths of the Great Depression, the U.S. government seized the American people’s gold holdings. From that point, until 1975, it was illegal for Americans to own gold, other than in some forms of jewelry or collectors’ coins. In the panic of the Depression years the courts upheld this unconstitutional confiscation. Yes, people received dollars in...
  • Obama Budget to Cap Retirement Accounts at $3 Million

    04/05/2013 6:32:16 PM PDT · by Sir Napsalot · 116 replies
    Big Government ^ | 4-5-2013 | Tony Lee
    The budget President Barack Obama will submit on April 10 will contain a proposal that would prohibit individuals from accumulating more than $3 million in Individual Retirement Accounts (IRAs) and tax-preferred retirement accounts. According to a White House statement, the Obama administration believes the current rules allow some wealthy individuals "to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving." "The budget would limit an individual’s total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or...
  • I For One Am Worried, And I’m Taking Preparations” (shorten)

    04/06/2013 8:38:16 AM PDT · by Kartographer · 13 replies
    BULL MARKET THINKING ^ | 4/5/13 | Tekoa Da Silva
    When asked if bank account confiscation will be going worldwide, Jim said, ”Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried and I’m taking preparations. Who knows if I’m right or not, but I’d rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account…but now it’s been [taken] with the sanctions of many governments and institutions.”
  • Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAs (Clinton's Asst. Treasury Secretary)

    03/21/2013 10:51:06 AM PDT · by SeekAndFind · 23 replies
    Advisor One ^ | 03/21/2013 | BY JOHN SULLIVAN
    Why is it that every current wirehouse advisor says they’re completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?The New York Times ginned up controversy recently with its front-page story, “Selling the Home Brand: A Look Inside an Elite JPMorgan Unit,” which reinforced the view that wirehouses put themselves first and clients second. Now Alicia Munnell (left), director of the Center for Retirement Research at Boston College, picks up the thread.The trouble started with The Times exposé, which detailed how advisors at JPMorgan Chase & Co. were supposedly pressured to sell the bank’s own...
  • First, They Came For The Cypriots...

    03/20/2013 9:57:20 AM PDT · by IBD editorial writer · 1 replies
    Investor's Business Daily ^ | 18 March 2013 | Editorial
    Rule Of Law: Markets tumbled after Cyprus and the EU said they might tax private bank accounts to pay for a bailout. Arbitrary property grabs are a new low and a bad precedent in this crisis. Worse still, it can happen here. As bad as tumbling markets around the world are, they seem to be the only signal strong enough to catch the attention of Europe's otherwise unaccountable bureaucrats who have long since learned to ignore street riots. As stocks fell from Tokyo to New York, Europe's leaders are scrambling to say they had nothing to do with the cause...
  • Cyprus. Now what...I have a 401K. What is the best way to get OUT?

    03/20/2013 8:22:44 AM PDT · by mikelets456 · 50 replies
    ME ^ | 3/20/2013 | ME
    Okay, I don't want to get into it too much but I feel I've been doing all I can to prepare for the impending collapse except a safe and effective way to pull out 1/2 my money from my 401K. However, I'm concerned about: A) The penalties and taxes. B) This will kick me up to "millionaire" status if I pull out half. C) I want to put most of that to get my Mortgage down and pay off any other debt and buy some more "tangibles" What is the best way to do this? I've already maxed out on...
  • Clinton Administration 401k Proposed Tax? (vanity)

    03/18/2013 8:16:28 PM PDT · by FreedomPoster · 29 replies
    3/18/13 | freedomposter
    There are any number of places on the web referring to a Clinton Administration-era proposal for a "one-time" (yeah, don't get me started, either) tax on 401(k) assets of 15%. There are plenty of them are here at Free Republic. Boortz does it. The list goes on and on. What I cannot find is anything really reference-able on the subject. "Boortz said it" or "xyz on Free Republic said it" really just doesn't cut it. Does anyone here have a real source on this?
  • Study Shows More Americans Are Raiding 401(k) Accounts To Pay Bills [Obama: Mission Accomplished]

    03/06/2013 11:55:10 AM PST · by SoFloFreeper · 17 replies
    CBS Philadelphia ^ | 3/6/13 | Lynne Adkins
    A new national study shows that too many of us are cashing out 401(k) accounts to pay bills. If that retirement account is calling your name, a financial expert advises you to stop listening.
  • When Investing, Pay Close Attention To Country Over Company

    03/02/2013 6:44:41 AM PST · by Kaslin · 1 replies
    Townhall.com ^ | March 2, 2013 | Jerry Bowyer
    The stale old stock pickers’ debate about whether to bet on the right jockey or the right horse might leave out the most important long-term factor for building a diversified portfolio…you just might do better betting on the right track. In other words, and for whatever reasons, it might be true that highest amount of value (best mix of return and risk) might come not from the choice of which CEO is in charge or which sector the company works in, but rather on the policy environment in which the companies are forced to operate. Over time these differences in...
  • Warning: Stock Market Likely To Crash From Here, 50% Drop!

    02/28/2013 5:09:19 PM PST · by blam · 41 replies
    TMO ^ | 2-28-2013 | Dr Martenson
    Warning: Stock Market Likely To Crash From Here, 50% Drop! Stock-Markets / Financial CrashFebruary 28, 2013 - 05:37 PM GMT By: Dr Martenson I don't relish the job of constantly pointing out the risks to the equity markets. But since few on Wall Street seem willing (or able) to do this, I'm "making the call" for a market correction, as enough variables have aligned to indicate a high likelihood of stocks heading downwards from here. I've only given one other such warning about equities before, and that was in March of 2008, when I warned of the possibility of a...
  • The Feds Want Your Retirement Accounts

    02/22/2013 5:57:57 AM PST · by radioone · 47 replies
    American Thinker ^ | 2-22-13 | John White
    Quietly, behind the scenes, the groundwork is being laid for federal government confiscation of tax-deferred retirement accounts such as IRAs. Slowly, the cat is being let out of the bag. Last January 18th, in a little noticed interview of Richard Cordray, acting head of the Consumer Financial Protection Bureau, Bloomberg reported "[t]he U.S. Consumer Financial Protection Bureau [CFPB] is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency's first foray into consumer investments." That thought generates some skepticism, as aptly expressed...
  • US Government Wants To Help Manage Your IRA

    02/06/2013 7:06:12 AM PST · by SeekAndFind · 36 replies
    The Global Dispatch ^ | 02/06/2013 | Judy Aron
    A recent Bloomberg article stated this: _______________________ The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments. “That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details. The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey...
  • The Government Generously Offers To Help You "Manage” Your Retirement Account

    02/02/2013 7:29:39 PM PST · by Perdogg · 82 replies
    Via Michael Krieger of Liberty Blitzkrieg blog, [ZH: We have discussed this threat over the past several years (must read).] The obvious concept is that when the government runs out of money, or they face a drying up in interest for its debt, they will come for the $19.4 trillion in American’s retirement accounts. It seems that day may be finally drawing near. I stopped contributing to my 401k back when I worked at Bernstein, and I will probably now have to give more serious consideration whether I want to take the penalty and move the funds out of my...
  • I Told You So! Of Course Washington will Steal Your Retirement Benefits

    12/22/2012 6:21:04 AM PST · by Renfield · 48 replies
    The Daily Bell ^ | 12-6-2012 | Ron Holland
    Today the twin fake memes of a "Fiscal Cliff" and "Austerity" are combining to create a contrived excuse to tax and steal far more of your wealth and income, including your retirement benefits. The press is filled with articles and editorials like one recently at CNBC entitled "Amid Tax Talks, a cry of 'Save My 401(k)'." Many retirement, offshore and political experts including Jeff Berwick, Larry Grossman and others are now warning how government revenue needs and austerity measures by the Obama Administration today threaten the private retirement system and benefits of millions of successful Americans. Back on January 28,...
  • Will 401(k) plans keep getting worse?

    12/13/2012 4:50:04 AM PST · by lwd · 24 replies
    CNN ^ | December 12, 2012 | Teresa Ghilarducci
    CNN) -- IBM, one of America's largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees' 401(k) accounts. Any employee who leaves before December would not be able to collect the company's match. Workers at IBM aren't marching to the picket line like Walmart workers and longshoreman who protest pay and working conditions, but you just never know. Only about 9% of the nation's employers make matches once a year. IBM's move is paving the way for big companies to go down this road.
  • Full steam ahead on theft of IRA's and 401k's by the D.C. ruling class

    12/11/2012 9:23:39 AM PST · by Oldpuppymax · 14 replies
    Coach is Right ^ | 12/11/2012 | Suzanne Eovaldi
    What is going to happen to our 401 (k) accounts and IRA’s after January 1? Will the retirement accounts which many Americans have sacrificed so much to accumulate be rolled over into federally issued and guaranteed bonds in order to prop up notoriously under-funded, union pension funds across the country? Getting an answer will prove to be daunting, especially as media attention seems focused on little but the impending “fiscal cliff.” Listening to a poignant, impromptu speech given by Linda from St. Lucie County during the Allen West recount makes clear just how hard she worked to raise three daughters...
  • DETAILS: THE PLAN TO STEAL YOUR 401(k)

    12/06/2012 4:40:06 AM PST · by Yosemitest · 99 replies
    www.RushLimbaugh.com ^ | November 29, 2012 | Rush Limbaugh
    DETAILS: THE PLAN TO STEAL YOUR 401(k)November 29, 2012 BEGIN TRANSCRIPT RUSH: We have a couple of sound bites from the New School professor of economics, the New School for Social Research professor of economics Teresa Ghilarducci, who explains the theft -- uh, the purchase -- of your 401(k) by the government. TIME Magazine now has a big story out saying that this must happen. It must have to happen to save us all. BREAK TRANSCRIPT RUSH: By the way, TIME Magazine is not the only one floating this idea for the regime to claim your 401(k). And coming...
  • Obama's Re-Election Mandate: Guess Whose Money He's Targeting Next?

    12/01/2012 7:11:15 AM PST · by Kaslin · 65 replies
    Townhall.com ^ | December 1, 2012 | Rachel Alexander
    Many Americans didn't bother to vote in the past presidential election, some out of apathy or a belief that the election would hardly affect them. They are in for a rude awakening now that Obama has won re-election. His Santa Claus false promises are unsustainable, so there are going to be few winners and a lot of losers as he redistributes wealth. Obama ran on a platform of making the rich “pay their fair share of taxes,” but raising taxes on the wealthy will only fund the federal government for eight days a year. In order to even partially keep...
  • Rush Limbaugh Show,M-F,12NOONPM-3PM,EST,WABC AM,November 29,2012

    11/29/2012 8:05:47 AM PST · by Biggirl · 89 replies
    The EIB Network ^ | November 29,2012 | Rush Limbaugh
    Call The Rush Limbaugh Show program line between 12 Noon and 3PM Eastern Time at: 1-800-282-2882 E-mail Rush: ElRushbo@eibnet.com Fax Rush at: 212-445-3963 Write a letter to Rush and mail it to: The Rush Limbaugh Show 1270 Avenue of the Americas New York, NY 10020 Join This Ping List Now! Click Here To Join this Ping List! Image by Cool Text: Free Logos and Buttons - Create An Image Just Like This