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.
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.