Stealing your 401K’s
http://moneymorning.com/2010/01/27/retirement-plans/
Two links on the plan to take your money,man o man it never ends.
The Democratic Congress along with Obama have a plan to Do Away with the Pay roll tax of Social Security. In its place- they want to take 5% of YOUR 401K deduction from your paycheck- and use that money to fund the Social Security Program. YOUR MONEY- YOUR INDIVIDUAL RETIREMENT MONEY.
—————————————————————————————————————————————————————————–
According to widespread media reports both the U.S. Treasury Department and the Department of Labor plan are planning to stage a public-comment period before implementing regulations that would require U.S. savers to invest portions of their 401(k) savings plans and Individual Retirement Accounts (IRAs) into annuities or other “steady” payment streams backed by U.S. government bonds.
Folks, there’s only one reason these agencies would do such a thing – the nation’s creditors think that U.S. government bonds are a bad bet and don’t want to buy them anymore. So like a grifter who’s down to his last dollar, the administration is hoping to get its hands on our hard-earned savings before the American people realize they’ve had the wool pulled over their eyes … once again.
Recent Comments