The whole thing about 401Ks and IRAs won"t matter, after the FedGov TAKES all that money and rolls it into what is known as a GSA, or government savings account. What a great deal it will be. You"ll earn a guaranteed 4.5% on the account. Which will be invested in Government bonds. Of course when you die, your aires won"t get any of it. It all gets absorbed by our wonderfull government. They have already had hearings on this plan. It"s just a matter of implementing it. The stage has to be set properly, to sell it to the sheep, er, people. The Gov will ride in to the rescue and announce this great plan, and how it"s going to "Save" your retirement funds. After the stock market crashes again. It"s going to happen, Because we are all looking at an illusion right now. With the phoney market being held up by QuanitiveEasing, Or, The mass printing of money by the gov and given to the banks. After the next big crash, Don"t be surprised when you hear the talk/propaganda about this great plan, and how it"s going to "Save" peoples savings. They will probably sell it by telling people they will get a percentage of what they lost, back. Face it, This country has a terminal debt/unpaid future entitlement problem. The FedGov won"t think twice about taking all that gravy in those 401Ks and IRAs to survive just a little longer. Jack
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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