Skip to comments.Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
Posted on 04/09/2016 5:29:50 PM PDT by Libloather
If you thought Obamacare was terrifying, just wait until you read about what President Obama's regulatory agencies are planning to do with your retirement savings.
According to an alarming report in the Wall Street Journal, government regulators at the Labor Department will be implementing new rules at the end of the year that will eventually force private retirement investments into government accounts. How? By making private investment options, specifically IRAs, too burdensome, a liability and expensive. Bolding is mine.
(Excerpt) Read more at m.townhall.com ...
Can’t read anything from this 20 something principled Cruzlim.
that was the next “comprehensive reform” after he hijacked everyone’s health care. but then he lost control of congress. this must be plan B
“””Cant read anything from this 20 something principled Cruzlim. “””
What an odd thing to say. I guess you’re not interested in anything other than hating cruz.
This should be among the first regulations to be reversed by the new president.
More’s the pity our senators and representatives sit on their hands while this continues.
280 +/- days to go...
Democrat presidents come and go, but far left regulators are forever. Democrat, not Republican presidents leave their mark.
“Cant read anything from this 20 something principled Cruzlim.”
Exactly. Katie Pavlich, one of the very few I enjoyed reading, has been a YUGE disappointment.
Perhaps the Teddy Bears and the rest of CONgre$$ can weigh in on the executive branch’s outrageous shenanigans. /sarc
And when are we going to send them back?
They have no testicular fortitude..
Home price bubble, unavoidable default, valueless foreclosures, Real Estate crash.
Gasp - went and read about it in the WSJ. This is calamitous. Government run retirement plans based on zero government liability is a nuclear bomb on savers. I mean, what could possibly go wrong? Thanks for posting the article since we’re looking at a new Obamacare style fiasco.
Complicit Congress needs to go. Paul Ryno and Juan for starters this year.
FR folks probably are tired of see this suggestion, but the first act by the new president should be the return of the Churchill bust to the Oval Office (after fumigation).
I personally think the fiduciary rule is a good thing; yes, it’s true that the level of effort will increase for financial professionals, so you may need to save your money for a bit to meet the minimum, but it’s worth it. I did this all by myself; waited until I had $20k so I could get someone to help me plan my financial future who wasn’t working for the other team. Best decision I ever made.
See below FRiend. She’s a kid and she’s full of baloney. However the issue is important, far too important for a lightweight, and I hope it gets brought the attention it deserves. Lastly I don’t hate Cruz at all, I do despise do- it-for-money-conservatives pretending it’s about anything but their own pocketbooks, like the author.
“.....Democrat, not Republican presidents leave their mark.”
Like a dog peein’ on a fire hydrant.
Progressives are such scum.
Isn’t that what Hillary proposed for 401k plans? The government takes the money and pays you back like 3% on it?
Because everything Owebowma does is Cruz fault. Deranged much? Snap out of it! Really.
Stay alert, a new government is not the answer, it’s far deeper than that.
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