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<blockquote data-quote="brett636" data-source="post: 873511" data-attributes="member: 249"><p>They are already considering somethign much more sinister. There have been hearings held in the Senate on the topic of confiscating all private retirement fund and pension plans and dumping into one big pot to be doled out by the government as the government sees fit. There have also been ideas floated to require all private retirement funds like IRAs and 401ks to invest a certain percentage of their assets into government bonds and this would be sold as a way to keep retirement funds "safe" from extreme market fluctuations. We all know the real motivation and that is to find more buyers for increasingly unpopular federal government debt. </p><p></p><p>If I am not mistaken right before the republican takeover of Congress in 1994 there was a bill that would hit all retirement accounts with a one time 10 or 15 percent tax. I'm sure if the democrats had remained in control after the 1994 elections they would have gone through with it too. So the answer to your concern is yes, the government is a threat to your retirement accounts no matter what type they are and as their sources of funding for their pet projects and social entitlements become ever more scarce hold onto your seats because your retirement accounts, no matter what they are, will be targeted.</p></blockquote><p></p>
[QUOTE="brett636, post: 873511, member: 249"] They are already considering somethign much more sinister. There have been hearings held in the Senate on the topic of confiscating all private retirement fund and pension plans and dumping into one big pot to be doled out by the government as the government sees fit. There have also been ideas floated to require all private retirement funds like IRAs and 401ks to invest a certain percentage of their assets into government bonds and this would be sold as a way to keep retirement funds "safe" from extreme market fluctuations. We all know the real motivation and that is to find more buyers for increasingly unpopular federal government debt. If I am not mistaken right before the republican takeover of Congress in 1994 there was a bill that would hit all retirement accounts with a one time 10 or 15 percent tax. I'm sure if the democrats had remained in control after the 1994 elections they would have gone through with it too. So the answer to your concern is yes, the government is a threat to your retirement accounts no matter what type they are and as their sources of funding for their pet projects and social entitlements become ever more scarce hold onto your seats because your retirement accounts, no matter what they are, will be targeted. [/QUOTE]
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