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Obama to announce retirement account change
TheState.com (South Carolina) ^ | 02/23/2015 | Lesley Clark

Posted on 02/23/2015 11:39:35 AM PST by E. Pluribus Unum

Edited on 02/23/2015 11:57:58 AM PST by Admin Moderator. [history]

President Barack Obama speaks in Washington. Obama will call on the Department of Labor to develop a rule that would require retirement advisers to abide by a “fiduciary” standard -- mandating that they put their clients’ interest ahead of making a profit.


(Excerpt) Read more at thestate.com ...


TOPICS: Government; News/Current Events
KEYWORDS: aarp; dol; finta; obama
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"Obama and AARP."

That's a combination designed to strike fear into the hearts of anyone with two or more brain cells in a row.

1 posted on 02/23/2015 11:39:35 AM PST by E. Pluribus Unum
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To: E. Pluribus Unum

President Obama addressing the issue of retirement. What could go wrong?


2 posted on 02/23/2015 11:40:56 AM PST by lurk
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To: E. Pluribus Unum
Doggone it! I was momentarily overjoyed. All I saw was the first four words of the title.

Obama to announce retirement


3 posted on 02/23/2015 11:41:41 AM PST by deoetdoctrinae (Gun-free zones are playgrounds for felons.)
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To: E. Pluribus Unum

Time to take out your money and put it under the mattress.


4 posted on 02/23/2015 11:42:34 AM PST by fatnotlazy
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To: E. Pluribus Unum
part of a series of moves the White House says is aimed at boosting the middle class.

How many of you have found this year getting less back in taxes than you did last year?

Our is about $4,000 less.

5 posted on 02/23/2015 11:42:43 AM PST by Slyfox (I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever)
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To: E. Pluribus Unum

Prep for seizing 401k’s after he crashes the dollar.

FUNDAMENTAL TRANSFORMATION...


6 posted on 02/23/2015 11:43:08 AM PST by gaijin
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To: Slyfox

I haven’t gotten anything back in over 10 years.


7 posted on 02/23/2015 11:44:50 AM PST by Resolute Conservative
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To: gaijin

putting customers first leads to profit
those who don’t put customers first won’t lead to profit. So what Obama is really doing is forcing changes to retirement account that will screw customers


8 posted on 02/23/2015 11:45:21 AM PST by 4rcane
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To: E. Pluribus Unum

I am sure that REDISTRIBUTION will be involved somewhere.


9 posted on 02/23/2015 11:45:27 AM PST by boycott
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To: E. Pluribus Unum

When I was in college, the first time around, I was studying gerontology and every time we went to a conference as students the old AARP people would show up and cause some type of commotion that ruined perfectly good talks. Every dang time. It makes sense that Obama would be chirping to his choir.


10 posted on 02/23/2015 11:46:38 AM PST by Slyfox (I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever)
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To: gaijin

Income redistribution. He and his cohorts have been salivating over savings and investment accounts for years.


11 posted on 02/23/2015 11:46:49 AM PST by fatnotlazy
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To: Slyfox

“How many of you have found this year getting less back in taxes than you did last year?”

I did but I made less too. That trend my continue for us unfortunately.


12 posted on 02/23/2015 11:47:17 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Slyfox

Not me. I learned a long time ago that it’s not in my financial interest to give the federal government a 1-year interest-free loan using my money.


13 posted on 02/23/2015 11:47:46 AM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: E. Pluribus Unum

Here is a better idea. Valerie’s man child can shut it.


14 posted on 02/23/2015 11:48:46 AM PST by SoFloFreeper
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To: E. Pluribus Unum

Social Security is going bankrupt - why not raid IRAs and 401ks and SAVE AMERICA!


15 posted on 02/23/2015 11:49:49 AM PST by struggle
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To: E. Pluribus Unum

First the AARP helps destroy the health care of non-retired (non-medicare) people and now they want to destroy the savings of non SSIP people.

Do AARP members know that they are paying dues so that the organization can wage war on the rest of us?


16 posted on 02/23/2015 11:50:20 AM PST by CSM
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To: Milton Miteybad

Exactly, I always try to owe as much on April 15 as possible without having to pay a penalty.


17 posted on 02/23/2015 11:50:31 AM PST by dfwgator
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To: E. Pluribus Unum

Retire all your money in Democratic Party accounts


18 posted on 02/23/2015 11:51:05 AM PST by molson209 (Blank)
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To: E. Pluribus Unum

My retirement account is PM’s (in my possession), real estate and hard assets. Sorry, Obama and GOPe, they are out of your reach (so far).


19 posted on 02/23/2015 11:52:33 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: E. Pluribus Unum

Pay Attention, this is designed to fail and cause BIG losses to the middle class, so the Government can Take Over your Retirement accounts.


20 posted on 02/23/2015 11:52:39 AM PST by eyeamok
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