The government is looking for any way possible to reduce the huge amount of debt it has racked up. Now there is even talk of tapping into American’s retirement accounts. Something to think about for those planning on starting a government sponsored retirement plan or that currently contribute to one.
The Government Wants Your Retirement Money
By Nick | Follow Nick on Twitter
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Lionel Jack June 21, 2012 at 6:38 pm
Interesting
Ryan January 31, 2013 at 9:36 pm
Another opinion: http://www.forbes.com/sites/helaineolen/2012/12/19/barack-obama-and-the-federal-government-are-not-taking-your-401k/
Either way, qualified plans are flawed retirement savings vehicles for a number of reasons. A major one (linked to in previous article): http://www.forbes.com/sites/helaineolen/2012/05/30/more-bad-news-about-401k-fees/
Nick D. February 11, 2013 at 1:22 pm
Good info Ryan, always good to hear the other side. I agree, it may not be as bad as we think but there are definitely other ways to do it better.