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Tag Archives: 401K
401K & IRA CONFISCATION GETTING CLOSER
Don’t say I didn’t warn you about your 401k’s and IRA’s. Orrin “Magic Underwear” Hatch has introduced legislation to “create a new public retirement plan in which insurance companies pay benefits through annuity contracts”. Now it’s the Government’s turn to takeover … Continue reading
Posted in Editorial, Financial
Tagged 401K, Confiscation, IRA
Comments Off on 401K & IRA CONFISCATION GETTING CLOSER
Obama Begins Push For New National Retirement System
It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds. The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement … Continue reading
LIKE SPAIN, THE FED & TREASURY WILL PULL OUT NUCLEAR OPTION & RAID PRIVATE PENSION FUNDS
The greatest issue facing us in the short pull is the very real potential of our Federal government having a failed bond auction. They may have to buy up large amounts of existing Federal debt when rates are climbing. If … Continue reading
Want a Secure Retirement? Join a Union or Work for the Government
The approximate $4 trillion invested in private retirement plans is now in the crosshairs of the administration. This confiscation has been discussed over the past four years but the “fiscal cliff” may be the excuse to accomplish the final phase … Continue reading
OBAMA BEGINS PUSH TO CONFISCATE IRA’S & 401K’S
It may be time to take the tax hit and withdraw funds from private retirement accounts before they are forced into long term T-bonds. The Obama administration is reportedly quickly moving on plans to nationalize private 401k and IRA retirement … Continue reading
Whose Money Is It?
In another example where the Federal government believes that individual assets are their property, a bill to limit access to 401(K) retirement accounts will be introduced today. Our founding fathers knew that the right to have secure personal property was … Continue reading