Your Search Results

Federal government looks to private IRAs and 401(k)s to fund deficit

By Steve McGough / February 21, 2010 /

This week, the U.S. Treasury will ask for comments on the conversion of private IRA and 401(k) funds into government annuities backed by Treasury bills. You’ve been doing a good job saving for retirement, and President Obama’s administration sees your investments as a solution to their problem.

Congress wants your 401(k) tax breaks back

By Steve McGough / October 23, 2008 /

This is unbelievable. Since Congress has totally screwed up Social Security and refuse to do a damn thing about it, now they are looking for more cash to fund their out-of-control spending. Since we know we can not depend on Social Security for our retirement, many smart investors are depending on 401(k) accounts, IRAs and…

Congress wants your 401(k) tax breaks back

By Steve McGough / February 22, 2009 /

This is unbelievable. Since Congress has totally screwed up Social Security and refuse to do a damn thing about it, now they are looking for more cash to fund their out-of-control spending. Since we know we can not depend on Social Security for our retirement, many smart investors are depending on 401(k) accounts, IRAs and…