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HomeWill Uncle Sam Takeover Your IRA?
Posted by Larry Doyle on February 19th, 2010 11:06 AM |
Is the launch of government sponsored annuities a precursor to the formal takeover of your retirement accounts by Uncle Sam?
The groundwork for this possibility is being laid by the powers that be in Washington. Will it come to fruition? Only time will tell, but did you think developments over the last 18 months would ever happen? While we can hope for the best, we should prepare for the worst — including the potential reality of having Uncle Sam take control of your retirement accounts. (more…)
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Posted in General, IRAs | 11 Comments »
Blueprint for Government Takeover of IRAs
Posted by Larry Doyle on January 11th, 2010 12:05 PM |
An individual whom I highly respect submitted this commentary and requested I publish it. Given the respect I have for him, the depth of his perspectives, and the serious nature of this topic, I am happy to provide an outlet via Sense on Cents for his thoughtful analysis and projections. This commentary and the implications as outlined should give us all reason to pause and think.
LD
Blueprint for Government Takeover of IRAs by Comrade Joe
This blueprint is imaginary; the references are factual. Let’s connect the dots:
1. Learn from Argentina (Oct 2008):
Argentina’s Property Grab – A cautionary tale for anyone who owns a retirement account. – Argentine President Cristina Kirchner announced this week that her government intends to nationalize the country’s private pension system. If Congress approves this property grab, $30 billion in individually held retirement accounts — think 401(k)s — managed by private pension funds will become government property. – Wall Street Journal 10/23/2008
2. Study Professor Teresa Ghilarducci’s Paper (Oct 2009): (more…)
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Posted in General, IRAs | 7 Comments »
