Thursday, June 24, 2010

Want to see your retirement disappear??

You need to read this post from Mr. B and a followup post from SmartGirlPolitcs' Annmarie Spiciarich.  And you need to make your voice heard.  According to the article linked by Annmarie, as soon as next week the US Treasury and Labor Departments are going to open for public comment the idea of 'promoting 401(k)s into annuities.

The purpose is to herd and ultimately force Americans to convert their 40l(k)s and IRAs into government-directed retirement accounts.
Like Mr. B, I'll take the hit to make sure the government can't get their mitts on my money.


Borepatch said...

Sure. Because things are looking so positive for the Democratic Party this November.

Bring it, baby.

Mr.B said...

The copnservatives might win, except that the GOP is cluelss, stupid, unresponsive and out of touch. ANd that is their better points.

Methinks that this will start a civil war. My retirement may be small, but it is MINE. Fuck with it at your peril. I may not have invested enough in FRNs, but I have a lot in brass and lead and rope.

Midwest Chick said...

Borepatch: But these people just don't know when to quit. They really have yet to have any consequences for their actions. And, like Mr. B says, the GOP is not catching the clue as far as what they need to do.