Skip to comments.Obama to announce retirement account change
Posted on 02/23/2015 11:39:35 AM PST by E. Pluribus UnumEdited 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 ...
That's a combination designed to strike fear into the hearts of anyone with two or more brain cells in a row.
President Obama addressing the issue of retirement. What could go wrong?
Time to take out your money and put it under the mattress.
How many of you have found this year getting less back in taxes than you did last year?
Our is about $4,000 less.
Prep for seizing 401k’s after he crashes the dollar.
I haven’t gotten anything back in over 10 years.
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
I am sure that REDISTRIBUTION will be involved somewhere.
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.
Income redistribution. He and his cohorts have been salivating over savings and investment accounts for years.
“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.
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.
Here is a better idea. Valerie’s man child can shut it.
Social Security is going bankrupt - why not raid IRAs and 401ks and SAVE AMERICA!
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?
Exactly, I always try to owe as much on April 15 as possible without having to pay a penalty.
Retire all your money in Democratic Party accounts
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).
Pay Attention, this is designed to fail and cause BIG losses to the middle class, so the Government can Take Over your Retirement accounts.