Well you better start getting a handle on what this means to everyone who has an IRA or 401K. Don't you people ever read what congress is up to? A NATIONAL RETIREMENT SYSTEM is going to be implemented and everyone who works will be REQUIRED to contribute to it.
excerpt from Seniorcounsel
... Obama will fight hard to impose his vision of a new "National Retirement
System" in which ordinary Americans are forced to turn over their private
retirement savings to the federal government in return for a
An annuity means your account gets confiscated by government at death,
rather than becoming part of your estate. It also means you got nothing in
return if you die before the government mandated retirement age.
think what you want, but i trust obama a lot more with my money than ryan romney, i can tell you that. those bozos want to take your ira money and let you hand it over to the likes of goldman sachs and play the market with it. apparently, i'm not alone. it turns out that romney got trounced worse than mccain did. i'm not an obama fan, but i'm so tired of the republican nonsense. as for a force retirement system, we already have one and its called social security. and, fwiw, your personal retirement savings are already regulated. try taking it out prematurely and see what happens. in short, you will have more money at the end of the day with obama unless 1) you are a multi-millionaire or 2) you make a living fleecing the middle class.