How safe is your retirement account... from seizure by the US government?
The
Democrats are discussing and have held hearings on the nationalization of private retirement accounts. Heck, for all I know they might seize all savings accounts as retirement accounts. They are already forcing banks to become nationalized in that they are forcibly buying into banks with the "bailout" money.
Of course you've no doubt heard that President-Elect Obama wants to end the tax deferment on your IRA and 401K contributions.
That's not enough, the Dems are interested in seizing the retirment accounts and rolling them into social security.
Labels: Politics
