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Tuesday, June 15, 2010

GOVERNMENT TAKE OVER OF YOUR PENSION, IRA'S AND 401(K

Is the message meant to be "Spend, Spend,Spend Before You Die". This is from a blog that I am posting a link to: http://taxprof.typepad.com/taxprof_blog/2010/01/government.html


"Government Takeover of 401(k)s and IRAs?
Bloomberg reports that the Obama Administration is considering measures to encourage Americans to convert their 401(k)s and IRAs into Government-provided annuities. The story has attracted a lot of negative commentary in the blogosphere:

•Will Collier, Coming Soon: Substituting Government Annuities for Your 401(k)?
•The International Forecaster, IRA's and 401k's to be Crammed Down While Tax Collections Plunge
•The Market Ticker, 401k/IRA Screw Job Coming?
•ROFASix, Is the Government Coming for Your IRA and 401k?"
(Hat Tip: InstaPundit.) January 18, 2010 in News, Tax | Permalink


http://pajamasmedia.com/blog/coming-soon-substituting-government-annuities-for-your-401k/

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