Posted by greenbeanman in Kansas on January 18, 2010 at 12:29:35 from (99.38.206.245):
In Reply to: FORCED 401 K posted by LOU from Wi. on January 18, 2010 at 07:09:28:
There was some interesting street gossip a short time ago concerning such retirement plans. The link is no longer valid but perhaps a person could find the article elsewhere as well.
---From a forum post with the title: Government after your 401K/IRA
They want to force you to convert them to treasury bills with the promise they will pay you an annuity when you retire. This is theft of private property pure and simple. They are trying to prop up their scandalous borrowing by making YOU lend them money to cover it. This plan is another ponzi scheme just like Social Security.
http://www.businessweek.com/news/201...-ici-says.html ============ Guess I should go to my local library and look through Businessweek to read about this.
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