Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into

[Ptarmigan]

Sound the Alarm: New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
http://townhall.com/tipsheet/katiepavlich/2016/04/08/whoa-new-government-regulations-will-push-private-retirement-into-government-accounts-n2145490

If you thought Obamacare was terrifying, just wait until you read about what President Obama's regulatory agencies are planning to do with your retirement savings.

According to an alarming report in the Wall Street Journal, government regulators at the Labor Department will be implementing new rules at the end of the year that will eventually force private retirement investments into government accounts. How? By making private investment options, specifically IRAs, too burdensome, a liability and expensive. Bolding is mine.

The left is dangerous and scary!

[J P Sousa]

I already felt the pain of government in reference to my IRA. I'm retired (70+) and recently purchased a "retirement home", partly with my IRA money and now owe taxes in the vicinity of 30%. 

Socialists, communists, democrats, all the same. 

[Mr Mannn]

Oh please try this just before an election.

[txradioguy]

Oh please try this just before an election.

I could see Obama doing this. He's been inching towards this plan for about the last 5 years. He wants to get his hands on the billions currently locked up in private retirement accounts.

Remember he's the guy who said he can't imagine why people need more than X amount of $$$ in their retirement accounts.

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