government seizure of retirement accounts

The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans. (cont...

In details provided by the White House on Wednesday, the retirement savings proposal would be similar to a Roth Individual Retirement Account, but with holdings backed by the U.S. government like savings bonds. "MyRA guarantees a decent return with no risk of losing what you put in," President Barack Obama said in introducing the program on Tuesday night in his State of the Union Speech. Those accounts would be available to households earning no more than $191,000 a year.

For this reason, most people would naturally support a Republican plan to make workers pay higher fees on their retirement accounts so that the Wall Street crew is better able to maintain their standard of living. Unfortunately, this is not a joke. One of the major problems facing workers today is the inability to save for retirement. Traditional defined benefit pensions are rapidly disappearing.

The bond will provide a principal protected investment while earning interest at the same rate available in the Government Investment Fund (G-Fund) of the Federal Thrift Savings Plan. The G-Fund type of government bond was previously unavailable to anyone outside of the Thrift Savings Plan. While this is a very secure investment, offering very little risk to the participant, the returns are also very low compared to the historical returns from equity investments.

6 million from Bain assets held in their blind trusts and retirement accounts. Bain employees and executives are also among the largest donors to his campaign, and their contributions accounted for 10 percent of the money received over the past year by Restore Our Future, the pro-Romney “super PAC.”.......

I bet you ARE grateful. I know I would be. And also without getting too political, I will just say that I am appalled and scared by all the accounts I read on here of people who can't get access to the proper meds, or in many cases, any meds at all, because of a lack of insurance or, more likely nowadays, insurance that they have but that still refuses to pay for those meds.

(Having our government in charge of SS is tantamount to putting the wolf in charge of the hen house. How long before the government sees the nice, big pile of money they're sitting on in SS-dollars, and decides to raid the coffers? Wait, oh yeah...

No question thoughts of retirement are depressing, especially for those of us with no pensions. You read the statistics, $200k just for healthcare between retirement and death, assumptions of a 4% retirement funds withdrawl rate rule of thumb ...****, I know I'm way short.

Ryan is an articulate defender of free enterprise, and he consistently argues not just for the practical advantages of smaller government but also about the moral imperative to cut... if the next administration is Republican, and if it decides it wants to push major reforms, Paul Ryan is uniquely qualified to lead the charge.

s new agreement raises the retirement age for state workers by five years and requires current workers to contribute more of their salaries into their own retirement accounts. The deal is expected to save $72 million this year — a number that would grow to $2.2 billion if all the state's public sector unions reach similar terms, according to the state finance department. npr.

The Florida Capital News reported last week on a speech Steve Southerland, a Republican representative, gave to a retirement community in Tallahassee in which he complained about some of the parts of his new job: "He said his $174,000 salary is not so much, considering the hours a member of the House puts in, and that he had to sever ties with his family business in Panama City.

We were still thinking about our own retirement and looking at our retirement accounts and wondering are we going to be able to get enough assets in there to make sure we're protected." In recent years, Obama has achieved financial security, largely through the sales of his best-selling books. The Obamas reported an adjusted gross income of 5.5 million dollars in 2009, largely made up of book royalties, and paid 1.8 million dollars in federal income tax.

s largest-ever municipal bankruptcy filing with great trepidation. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar and terrifying financial hole. A CNBC.com analysis of more than 120 of the nation's largest state and local pension plans finds they face a wide range of burdens as their aging workforces near retirement.

by Carole Landry Carole Landry – 2 hrs 25 mins ago PARIS (AFP) – The French government unveiled a sweeping overhaul of its pensions system on Wednesday, raising the retirement age to 62 as it seeks to plug a hole in its finances and avoid a clash with unions. Reforming France's pensions system is shaping up as the centrepiece of President Nicolas Sarkozy's agenda as he heads for a re-election fight in 2012, but unions have vowed to oppose the changes with strikes and street protests.

T-Paw = Tim Pawlenty......... Governor of Minnesota 2003-2011. This is all an interesting concept, and may or may not be right. I'm rather naive about all this, but, is there a law that says presidential candidates can't have legal off shore accounts? Do we know for a fact that Romney is the first Presidential candidate to have them? Do we know that Obama doesn't have any? If other Presidential candidates had them, would that now disqualify them for President?

m a bit leery of all of this crap. First off, eye witness accounts... people on the ground while this was going on are saying one thing while people in DC, thousands of miles away from the action are saying another? Not that military contractors won't lie, but I am pretty damned sure the government would. They do it all of the time.

NEW YORK (CNNMoney) Millions of Americans still receiving paper checks for Social Security and other federal benefits have less than two months to switch to electronic payments. In an effort to cut spending, federal officials began retiring paper checks in favor of direct deposits and prepaid "Direct Express" debit cards in May 2011.

Swiss bank accounts, Cayman Islands tax shelters. And we can only imagine what new secrets would be revealed if he showed the American people a dozen years of tax returns like his dad did.” Reid noted that most of “those people” who Romney talked about “are not avoiding their tax bills using Cayman Islands tax shelters or Swiss Bank accounts like Mitt Romney.

Few actually paid for their services with their government email accounts. But AP traced their government Internet connections — logged by the website over five years — and reviewed their credit-card transactions to identify them. They included workers at more than two dozen Obama administration agencies, including the departments of State, Defense, Justice, Energy, Treasury, Transportation and Homeland Security. Others came from House or Senate computer networks.

Washington - Young Americans might not get full Social Security retirement benefits until they reach age 70 if some trial balloons that prominent lawmakers of both parties are floating become law. No one who's slated to receive benefits in the next decade or two is likely to be affected, but there's a gentle, growing and unusually bipartisan push to raise the retirement age for full Social Security benefits for people born in the 1960s and after.

My daughter is 11 and has scarring in her left temporal lobe and was started on Topamax a year and a half ago. She had had a grand mal seizure, but her main seizures consisted of a funny feeling in her stomach and dizziness. The doctor she was seeing said once she was seizure free for 2 years (she has been seizure free a year and half) she would recommend a second opinion but would like to try taking her off her Topamax. Her doctor has since left the practice and on the last appt.

Among the dozen current and former world leaders named in the documents as controlling offshore companies were the prime ministers of Iceland and Pakistan, the king of Saudi Arabia, and the children of the president of Azerbaijan, according to the International Consortium of Investigative Journalism, a nonprofit organization based in Washington that published the papers through more than 100 news organizations around the world on Sunday.

Government seizure of retirement accounts

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