Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Old, old and oldest news. Gingrich has to earn some cash some way and picks an old topic already hashed out and forgotten. Scary but the government is not going to do it. Political suicide.
The real story is how bad an investment a 401K is anyway. Numerous legitimate investment oppurtunities have to be passed by because you have your retirement in a hands off 401K.
I continue to be almost at a loss for words for this administration. I cannot believe somebody somewhere in D.C. hasn't considered impeaching this nitwit from office. The man has NO CLUE, are so many afraid to say, "enough is enough Mr. President, please STEP DOWN and go back to Chicago"? Your trying to flush not only America down the drain, your trying to take the rest of the planet with ya.
Maybe he needs the likes of Tiger 'Woodie' as an additional adviser.
How does "floated last year in the House" equate to Obama?
The HOUSE wanted to fund a statue for Confederate soldiers in Hahira, Ga. last year.
I suppose Obama was behind that also.
There are only a couple of sure things in life.
One of them is we're all gonna die eventually and the other is Democrats are always going to look for new ways to take our money.
This Administration makes proposals. This is one of their proposals. They call it floating an idea to see the reaction folks have. The fact that somebody brought it up last year and now they're bringing it up in the White House only shows a common mind-think. They wouldn't float the idea again unless they liked it themselves.
But to answer your question...this has everything to do with Obama because he's floating it. The fact that they floated the idea in 08', 09', and 2010 shows they haven't given up on this silly idea.
Does that answer your question?
Business Week reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams."
In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years."
.
This is an excellent idea. 401(k)s never were intended to be retirement funding tool for the general public and they're not suitable for that use. They should be taken-over by the government.
Fact is Obama is not going to take your 401K...He is going to confiscate your guns...but not your 401K
Business Week reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams."
In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years."
.
This is an excellent idea. 401(k)s never were intended to be retirement funding tool for the general public and they're not suitable for that use. They should be taken-over by the government.
you would think that.
But since the average American idiot spends more time planning one two week vacation than planning for retirement, it's no wonder people like you think we shoild all be brought down to the level of said idiots.
A 401K, or any other retirement account along with a lifetime of savings can absolutely fund one's retirement.
If that is you're not a fucking moron and take a little time to educate yourself about finances.
Business Week reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams."
In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years."
.
This is an excellent idea. 401(k)s never were intended to be retirement funding tool for the general public and they're not suitable for that use. They should be taken-over by the government.
you would think that.
But since the average American idiot spends more time planning one two week vacation than planning for retirement, it's no wonder people like you think we shoild all be brought down to the level of said idiots.
A 401K, or any other retirement account along with a lifetime of savings can absolutely fund one's retirement.
If that is you're not a fucking moron and take a little time to educate yourself about finances.
Who the fuck listens to Newt Gingrich anymore?
Fact is Obama is not going to take your 401K...He is going to confiscate your guns...but not your 401K
Fact is Obama is not going to take your 401K...He is going to confiscate your guns...but not your 401K
If the administration keeps spending and mismanaging the way it has been, a good gun and some seeds might be the most sane retirement plan around.
Fact is Obama is not going to take your 401K...He is going to confiscate your guns...but not your 401K
If the administration keeps spending and mismanaging the way it has been, a good gun and some seeds might be the most sane retirement plan around.
I know people that are personally taking that advice...seriously.
I call it strong arm robbery. I don't care what they call it.So they should call it "Social Security 2."
Class Warfare's Next Target: 401(k) Savings
By Newt Gingrich, Peter Ferrara
Investor's Business Daily
Thursday, February 18, 2010
You did the responsible thing. You saved in your IRA or 401(k) to support your retirement, when you could have spent that money on another vacation, or an upscale car, or fancier clothes and jewelry. But now Washington is developing plans for your retirement savings.
Business Week reports that the Treasury and Labor departments are asking for public comment on "the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams."
In plain English, the idea is for the government to take your retirement savings in return for a promise to pay you some monthly benefit in your retirement years."
.