Sunday, November 25, 2012

Obama Coming After Your IRA And 401K

(WND) The Obama administration was proceeding with a novel way to finance trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Remarkably, those financial professionals specializing in private retirement savings and the U.S. citizens investing in private retirement plans now face the possibility the Obama administration and its allies on the political left will impose rules and regulations that effectively abolish the private retirement savings and investment markets.

Recent evidence suggests government officials continue to eye the multi-trillion dollar private retirement savings market, including IRAs and 401(k) plans, eyeing the opportunity to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government-controlled programs investing in government-issued debt.

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2 comments:

  1. Obama is not long for his country.

    ReplyDelete
  2. If people knew what hell was really like, I guarantee you this would be such a different planet. I hope people realize that life is temporary and everything everyone says and does is being recorded (in the spiritual world)and will be held accountable for every thought, word, and deed. The stuff going on now in this country (political and otherwise)will be punished. Think about your actions before you do them.

    ReplyDelete

Posted By: Chris Carmouche