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+--- Thread: They are coming for your 401K.... (/thread-9759.html)
They are coming for your 401K.... - Maggot - 03-04-2013
This has been in the works for 4 years..........
Dodd-Frank's new "consumer protection" agency wants to "help" Americans manage their nearly $20 trillion in retirement savings, and President Obama has tax loopholes in his sights.
It's mattress-stuffing time.
You probably thought the Dodd-Frank Act was all about reining in greedy big banks and Wall Street predators.
Well then, what is the Consumer Financial Protection Bureau it established doing planning to "help" people manage the $19.4 trillion they've managed to save for their retirement?
Source
RE: They are coming for your 401K.... - Jimbone - 03-04-2013
Oh yes federal masters... please come after the paltry $17K per year you let me put aside for my retirement. I surely will be able to retire in luxury on that and the Social Security checks you will send me.
Maybe you can put me in an independent living facility with that nurse who wouldn't help that poor woman who collapsed!
RE: They are coming for your 401K.... - Duchess - 03-05-2013
The government can't manage their own money for christssake.