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Uncle Sam Plants To Steal Your 401k’s

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Uncle Sam Wants To Steal Your 401K

According to Business Week, the US govt. wants your 401K. It seems the govt. doesn’t have enough of YOUR money. They want more. The U.S. Treasury and Labor Departments may begin next week asking Americans how the U.S. govt. should take control of 401k’s.

Specifically, the treasury would like to know the best way to forcibly make you convert at least part of your 401k to something like an annuity. Much like Social Security, the govt. would then guarantee a steady income during retirement.

http://riffenberg.wordpress.com/2010/01/10/uncle-sam- -steal-your-401k/

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