
Ever since Obama took office rumors have been running rampant about the possible seizure of people’s IRA funds…or plainly stated, the government generously helping to manage your retirement savings. Wait no longer. Buried towards the end of the following AP report is the following:
… Obama will also announce executive actions on job training, boosting employment opportunities for the long-term unemployed and expanding retirement savings for low- and middle-income Americans.
The retirement savings proposal is geared toward workers whose employers don’t currently offer such plans. The program would allow first-time savers to start building up savings in Treasury bonds that eventually could be converted into traditional IRAs, according to two people who have discussed the proposal with the administration.
Although this isn’t yet the mandatory IRA, it’s certainly a step in that direction. Remember what they did in Poland? Don’t worry…I’m sure the government is just trying to protect your retirement account from terrorists.












