Wednesday, May 12, 2010


Your retirement savings may be next

Could the Democrats in Congress actually be considering confiscating all 401(k), SEP and IRA accounts in exchange for offering Americans a "guaranteed annuity"?

The subject almost seems too far out there to even write about. While it is something that I had heard rumors of, I just couldn't believe this type of proposal would ever be considered in America. Let alone become part of an active public policy debate.

But when the Wall Street Journal writes on the subject, and the House Republicans on the committee that oversees our nation's pension system send a letter expressing concern to both Treasury Secretary Timothy Geithner and Labor Secretary Hilda Solis expressing concern, and then issue a press release on it, it is time to get concerned...

Review-Messenger: Your retirement savings may be next

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