You have got to be kidding me. Federal management and control of your IRAs and 401ks. This from the people who can't even BALANCE the budget or handle Social Security with out stealing money from that. If you actually look at the SS system now, it is a government run Ponzi Scheme. Hmm aren't those illegal?
Anyway, the Feds want to have control of all this. And when you die......guess who gets it. WRONG, not your family or heir, the Government gets your MONEY. Classic isn't it. Wake up people. This NEW Government wants all they can TAKE from you and me. But of course those in congress and the President get their own version. To top it off, if you choose not to opt in to this new retirement system. You got it again, fines. They are already hinting at the creation of this Government 401(k) on page 28 of the annual-report-middle-class.pdf . Scary stuff going on in the halls of congress.
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