Government wants your 401(k)

Government wants your 401(k): "The Obama administration appears to be proceeding with a novel way of financing trillion-dollar budget deficits by forcing IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their investment accounts.

The requirement to invest private retirement assets has been cleverly buried within plans to create 'automatic IRAs' that would mandate employer groups enroll all employees in 401(k) or IRA plans."

Withdrawals from retirement plans escalating | Minneapolis and St. Paul | kare11.com

Withdrawals from retirement plans escalating | Minneapolis and St. Paul | kare11.com: "Recent financial headlines have touted the improving trend of companies restoring their 401(k) matches to employees. While that is great news, thousands of American's are still struggling to make ends meet. The number of workers tapping their retirement plans continues to increase, according to a new report by Fidelity Investments."

GOPUSA � Commentary � Sherline: Privatizing Social Security

GOPUSA � Commentary � Sherline: Privatizing Social Security: "The best answer to reforming the Social Security system is to wean it off the government dole by allowing people to set aside at least some portion of their payroll taxes in personal investment accounts for their own retirement. This has been done with considerable success in Chile, where the CATO Institute reported that during the first 22 years of their program, the rate of return 'was an astonishing 10 percent above inflation.' (Economist Estelle James Examines Chile's Pension System, February 25, 2005)."