Obama now coming after your retirement

Joe Kawfi's picture

Watch your wallet folks - Obama sees a gold mine in your retirement fund. All that money....just sitting there....doing nothing.....when the gubberment could be doing so much more with it if they could only get their hands on it!
Make no mistake- this is just another Obama ploy to take money from the productive and give it to the unproductive. The government is over 10 trillion in debt, and now they think that they can tell us how to manage our finances. Unbelievable. Anyone with half a brain (DM) knows that annuities are one of the worst investment options out there.

Retiree Annuities May Be Promoted by Obama Aides

There is "a tremendous amount of interest in the White House" in retirement-security initiatives, Borzi, who heads the Labor Department's Employee Benefits Security Administration, said in an interview.

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Submitted by T-Man on Fri, 01/15/2010 - 12:58pm.

The Pres. is actually trying to help retiree's keep their money in a safer environment. Your scare tactics don't go far for those who can read.
Try to do better

Mike King's picture
Submitted by Mike King on Fri, 01/15/2010 - 1:11pm.

Would it be best to say that our Pres is actually forcing that capital to be placed where it can be readily taxed? Whereas, as it is situated in 401K's and IRA's he nor Congress have a legal means to get their filthy paws on it.


Submitted by T-Man on Fri, 01/15/2010 - 2:16pm.

The Pres. said he is making a way for it to happen. It did not say he was forcing anyone to do it. That would cause riots to say all IRA's/401 K's do not exist anymore. Let's use some common sense. How else is the Tea Party going to become mainstream.

Submitted by Gort on Sat, 01/16/2010 - 7:56am.

T-Man, you said, “How else is the Tea Party going to become mainstream.” I’m afraid you have really done it now. At the next meeting you won’t be allowed to ride the billy goat.

Mike King's picture
Submitted by Mike King on Fri, 01/15/2010 - 2:28pm.

By placing these monies into annuities, as his minions have indicated, it would cause yet another income source to be taxed. These accounts do not have to be placed into annuities but rather their owners can withdraw funds as they see fit rather than having an official mandate when and how much is withdrawn. Kind of like forced healthcare, isn't it?


Submitted by T-Man on Fri, 01/15/2010 - 3:17pm.

You hit the nail on the head. There is no force for retiree's to move their money. How is this a hatched plan to take retired funds? You can opt not to or to do. It's their choice.

Joe Kawfi's picture
Submitted by Joe Kawfi on Thu, 01/14/2010 - 9:53pm.

Retiree Annuities May Be Promoted by Obama Aides

"If ever a time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin." - Samuel Adams


hutch866's picture
Submitted by hutch866 on Thu, 01/14/2010 - 9:34pm.

Your link don't work.

I yam what I yam....Popeye


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