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 ...
If they think they are going to grab what I saved, they have another think coming.
401Ks are the last major untapped money supply in the country. Trillions of dollars just beyond the reach of the politicians.
Every Democrat Administration floats this bubble and, so far, it has been shot down every time.
Publis Union pensions are insolvent, so they gotta take yours...
Who knows, slave reparation IrAs...
Patty Murray likes it. “Murray Praises New Protections for Seniors and Workers’ Retirement Savings”
http://politicalnews.me/?id=38258&keys=HELP-PROTECTION-SENIORS-RETIREMENT
This is the scenario they are pushing and it sounds nothing like what they really want to do.
The fed govt is criminal. Apparently, there is no rule of law.
BFLR
Why would President Clinton do that ?
Can’t read anything from this 20 something principled Cruzlim.
She has lost all credibility with me—How am I supposed to believe her now after she has been so disingenuous!?!
No, she has lost much of her credibility.
Stay alert, a new government is not the answer, it’s far deeper than that.
**************
True that. Just because its a new government, its not necessarily any better. More likely it will just be more of the same — if not worse.
You and I both. I’ve paid heavily into nothing.
I could of been retired by 40 if I kept what I made while paying a reasonable 10% or so.
This is yooooooge. Trump needs to reverse this in short order.
“but far left regulators are forever”
Agreed, that has been the norm with Bush who was a left leaning RINO. He never cleaned house in those departments. And the RINO legislators never did anything to stop it. As a result we’ve had over 23 years of leftist rule making, non-stop.
If we are lucky enough to get a Cruz or Trump in power, they will likely turn DC upside down which means major agencies and bureaucracies will get new leaders appointed that are not leftists. The employees must tow the new line or get canned.
If we just elect more republicans this crap would stop.
Oh wait ...
The money was stolen the instant they received it. By design. Since day one.
Ditto, if we get Trump or Cruz, I’m gonna buy Orville Redenbacker stock.
If we just elect more republicans this crap would stop.
Oh wait ...
I have a self directed IRA, which works for me since I work in finance. Even if a person doesn’t have a financial background they should look into it, as you can invest in real estate and other financial instruments not available with other plans.
Naw, Ryan and McCain are the new best buds of Cruz.
They are all in this together, and that moron Cruz is up to his neck with it all.
This IRA scam is the brain child of lizzy the Indian...
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