Keyword: ira

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  • GOP Rep. Peter King dismisses Ted Cruz as 'carnival barker'

    03/23/2015 9:48:26 AM PDT · by 2ndDivisionVet · 69 replies
    CNN ^ | March 23, 2015 | Deirdre Walsh, Senior Congressional Producer
    (VIDEO-AT-LINK)New York Republican Rep. Peter King, who is considering his own bid for the White House, mocked Texas GOP Sen. Ted Cruz's announcement that he was running in 2016 and said the Texas Republican isn't qualified to serve as president. "Shutting down the federal government and reading Dr. Seuss on the Senate floor are the marks of a carnival barker not the leader of the free world," King said in a written statement on Monday. King's statement references a Cruz speech on the Senate floor that last more than 20 hours, railing against Obamacare in 2013. The New York Republican...
  • Peter King on Rand Paul, Ted Cruz: They Aren’t ‘Responsible Adults’

    03/10/2015 4:03:15 PM PDT · by 2ndDivisionVet · 32 replies
    Mediaite ^ | March 10, 2015 | Andrew Desiderio
    Rep. Peter King (R-NY) has made no secret of his disdain for Sens. Rand Paul (R-KY) and Ted Cruz (R-TX). Speaking to the International Association of Firefighters (IAFF) at their presidential forum, King lambasted the senators and implied they aren’t “responsible adults.” “[Rand Paul] is concerned about drones, he’s afraid the CIA might use drones to attack Americans drinking coffee in Starbucks,” King said, drawing a few laughs from the crowd. He suggested ISIS might be further emboldened to attack America if the commander-in-chief thinks the “real threat” is the CIA killing Americans with drones. “Then we have Ted Cruz,...
  • White House looking to creep into 401(k)s

    03/01/2015 7:22:49 AM PST · by Enlightened1 · 39 replies
    NY Post ^ | 2/28/15 | Jonathon M. Trugman February 28, 2015 | 11:21pm
    Under the false pretense of calling for new and tougher so-called fiduciary standards for financial brokers, advisers and retirement plan representatives, the White House once again horned in on Wall Street’s compensation formulas. However, what the president surely knows is that a vast majority of retirement plans — IRAs and 401(k)s — are in simple fee-based products like mutual funds. The commission-based accounts are for those who prefer to direct their brokers in certain purchases inside some of their retirement products. The key to the White House’s interference is in its nuanced language. Currently, a broker may make a recommendation...
  • President Obama "Steps Up" Attack On Estate Planning Techniques

    02/28/2015 7:27:04 AM PST · by TurboZamboni · 21 replies
    Penton Business Media ^ | 2-2-15 | Eric Fischer
    On Feb. 2, 2015, on the heels of the State of the Union Address, the Obama Administration released its budget proposal for the 2016 fiscal year, accompanied by the Treasury Department's General Explanation of the Administration's Fiscal Year 2016 Revenue Proposals (colloquially known as the Greenbook).[1] Given the percentage of his previous proposals that have been passed and the newly-elected Republican majority in both houses of Congress, the vast majority of the proposals in the Greenbook are unlikely to become law during President Obama's last two years in office. However, they are worth noting, as they identify the focus points...
  • Obama Wants Your Retirement Account

    02/06/2015 12:39:33 PM PST · by Kaslin · 46 replies
    Rush Limbaugh.com ^ | February 6, 2015 | Rush Limbaugh
    RUSH: It's a story from the website Watchdog.org, and the headline: "Obama's Budget Targets Your Retirement Accounts." I can't recall the number of times that I have mentioned casually, forcefully, predicted directly over the course of the years that, as this government continued to expand and spend money it didn't have and print money it needed, that at some point it was gonna have to go get money. You can't just rely on fake money that's printed. They're gonna have to get more. They're gonna target money, and I warned everybody, "They're gonna they're gonna come after your pensions, and...
  • Even with Volatile Stock Market, Personal Retirement Accounts Are Better, Safer than Social Security

    02/04/2015 11:18:00 AM PST · by SeekAndFind · 10 replies
    International Liberty ^ | 02/04/2015 | Daniel J. Mitchell
    Early last year, the Center for Freedom and Prosperity released this video, narrated by yours truly, making the case that the United States and other nations should shift from a tax-and-transfer entitlement scheme to a system of personal retirement accounts.Some left wingers criticized the idea, saying the big drop in the stock market in 2008-2009 is proof that personal retirement accounts are too risky.You won’t be surprised to learn, though, that they are wrong. It is true that retirement income fluctuates with a system of personal accounts, but that simply means that it is difficult to predict how much...
  • Obama budget proposes retirement savings cap

    02/02/2015 10:45:29 AM PST · by abb · 63 replies
    Benefits Pro ^ | February 2, 2015 | Nick Thornton
    With the release of its 2016 spending blueprint Monday, the Obama White House officially signaled its intent to use retirement policy to raise taxes on the wealthiest Americans. The proposed 10-year budget, which allots $4 trillion in spending for fiscal year 2016, will attempt to cap tax-deferred saving in 401(k) and Individual Retirement Accounts at about $3.4 million. That amount of savings generates more than $200,000 of income annually in retirement when annuitized, an income stream that should be sufficient for most, according to the Obama administration’s rationale behind the proposal. The vast majority of Americans would never feel the...
  • Another step down the long, slow road to IRA nationalization

    01/31/2015 6:43:09 AM PST · by SeekAndFind · 52 replies
    The Sovereign Man ^ | 01/31/2015 | Simon Black
    LetÂ’s take a brief walk into financial reality for a moment.At the time of this writing, the United States governmentÂ’s official debt is nearly $18.1 trillion.Now, letÂ’s look at who the biggest owners of that debt are:1) Taxpayers of the United States.If youÂ’ve held a job in the Land of the Free, 15.3% of your salary has gone to fund Social Security and Medicare.Each of these programs holds massive trust funds that are supposed to pay out beneficiaries, both present and future.Conveniently, the trust funds are required by law to buy US government debt.And given that every single US taxpayer...
  • Dems push automatic IRA bill

    01/24/2015 9:57:28 AM PST · by Rusty0604 · 57 replies
    The Hill ^ | 01/22/2015 | Bernie Becker
    Congressional Democrats are pushing a new bill to make it easier for workers to sock money away in retirement accounts. Sen. Sheldon Whitehouse (D-R.I.) and Rep. Richard Neal (D-Mass.) said Thursday that they were introducing legislation that would set up automatic payroll deductions for contributions to Individual Retirement Accounts.
  • Irish singer Sinéad O’Connor joining Sinn Féin

    12/09/2014 10:03:28 AM PST · by Olog-hai · 56 replies
    Associated Press ^ | Dec 9, 2014 10:26 AM EST
    Sinéad O’Connor, long a critic of church and state in Ireland, says she’s joining the Irish nationalist Sinn Féin party—and wants its leaders to step aside for younger voices free of IRA connections. The 48-year-old singer, who recently released her 10th album “I’m Not Bossy, I’m the Boss,” says Sinn Féin is the only left-wing party able to steer Ireland toward social equality. …
  • Dictator H. chavez's personal Arab Hezbollah minister

    10/07/2012 2:28:40 PM PDT · by Milagros · 11 replies
    Venezuela’s Tarek El-Aissami The Americas Report | Oct 03, 2008  By Nicole Ferrand [...] Mr. El - Aissami is a Venezuelan national of Syrian descent who, before becoming Minster of Interior and Justice, occupied the position of Deputy Interior Minister for Public Security. His father, Carlos Aissami, is the head of the Venezuelan branch of the Iraqi Baath political party. Before the invasion of Iraq, he held a press conference in which he described himself as a Taliban and called Osama Bin Laden, "the great Mujahedeen, Sheik Osama bin Laden." Tarek's great-uncle Shibli el-Aissami was a prominent ideologist and...
  • Sinn Féin chief Adams accused of IRA rape cover-up

    10/16/2014 4:33:56 PM PDT · by Olog-hai · 24 replies
    Associated Press ^ | Oct 16, 2014 4:54 PM EDT | Shawn Pogatchnik
    Sinn Féin party leader Gerry Adams denied new accusations Thursday that he concealed child-abuse crimes within his own secretive movement, this time allegedly committed by a Belfast officer of the outlawed Irish Republican Army. Mairia Cahill, a member of one of Belfast’s top IRA families, appeared alongside a former foreign minister outside Ireland’s parliament to accuse Adams of conspiring to suppress her reports of being raped by an IRA commander from Adams’ home district in 1997, when she was 16. …
  • Caveat, investor: Now feds want a bite of your mutual fund

    10/02/2014 5:59:33 PM PDT · by TurboZamboni · 16 replies
    The Citizen ^ | 9-4-14 | Paul S. Atkins
    To oversee this process, Dodd-Frank created the Financial Stability Oversight Council (FSOC), made up of the heads of the financial services regulatory agencies. The council claims very broad power to designate certain activities (like asset management) or companies and products (including mutual funds) as systemically important and subject them to Federal Reserve bank-style regulation, including leverage and capital requirements. And the council is doing just that – first with banks, then insurance companies and now, potentially, mutual funds. President Obama’s “independent” insurance expert on the council issued a blistering dissent when it designated Prudential – the nation’s second-largest life insurer...
  • Northern Ireland Firebrand Ian Paisley Dead At 88

    09/12/2014 9:43:35 AM PDT · by Steelfish · 5 replies
    ABCNews ^ | September 12, 2014
    September 12, 2014 Northern Ireland Firebrand Ian Paisley Dead At 88 DUBLIN -- The Rev. Ian Paisley, the divisive Protestant firebrand who devoted his life to thwarting compromise with Catholics in Northern Ireland only to become a pivotal peacemaker in his twilight years, died Friday in Belfast, his wife said. He was 88. Paisley was Northern Ireland's most polarizing politician throughout its three decades of civil strife, during which the evangelist's blistering oratory was often blamed for fueling the bloodshed that claimed 3,700 lives. Yet at the zenith of his peace-wrecking powers, Paisley in 2007 stunned the world by delivering...
  • U.S. Stocks End Lower

    08/05/2014 5:58:55 PM PDT · by SkyPilot · 19 replies
    Wall Street Jounal ^ | 5 Aug 14 | Saumya Vaishampayan
    U.S. stocks slid on Tuesday, with the Dow industrials posting their fourth loss in five sessions. Traders said the selling was kicked off by remarks from a Polish official warning about the potential for Russia to invade Ukraine. But traders said the scope of the declines reflected low volumes and a lack of other news. The Dow Jones Industrial Average dropped 139.81 points, or 0.84%, to 16429.47. The S&P 500 lost 18.78 points, or 0.97%, to 1920.21 and the Nasdaq Composite Index fell 31.05 points, or 0.71%, to 4352.84. "This hit the tape, and all of a sudden the market...
  • Beware All the Retirement 'Crisis' Reports

    07/23/2014 6:59:31 AM PDT · by SeekAndFind · 4 replies
    RCM ^ | 07/23/2014 | Andrew Biggs & Sylvester Schieber
    If the amount of press ink used to report a study is any indicator of its contribution to public understanding, the National Institute on Retirement Security's (NIRS) 2013 report, "The Retirement Savings Crisis: Is It Worse than We Think?" might be the gold standard on the subject of retirement security. The report concludes that 84% of Americans are falling short of reasonable retirement savings targets and, even when total net worth is considered, two-thirds are at risk of an inadequate retirement income. The total "retirement savings gap," NIRS claims, may reach $14 trillion. According to New York Times writer Nancy...
  • (Tony) Blair faces being called to Parliament over ‘comfort letters’ to on-the-run IRA suspects

    07/13/2014 11:47:36 AM PDT · by Olog-hai · 3 replies
    Mail on Sunday (UK) ^ | 07:11 EST, 13 July 2014 | Matt Chorley
    Tony Blair faces being called to Parliament over a secret deal with Sinn Féin, which allowed suspected IRA bombers to avoid prosecution. The former Prime Minister is set to be summoned by the Northern Ireland select committee to explain the controversial “comfort letters” sent to on-the-run suspects telling them they were not being sought by the police. MPs are warning that if he fails to appear, there will be “bad publicity”. The policy led to the collapse of the trial of suspected Hyde Park bomber John Downing in March. The peace process plan agreed between Sinn Féin and Mr Blair’s...
  • Rep. Peter King fears Ted Cruz, Rand Paul stronger

    06/11/2014 6:23:04 PM PDT · by lilyramone · 75 replies
    Politico ^ | June 11, 2014 | JONATHAN TOPAZ
    Rep. Peter King on Wednesday said the Republican Party cannot allow Ted Cruz and Rand Paul to take over following House Majority Leader Eric Cantor’s defeat. “We can’t allow Eric’s defeat last night allow the Ted Cruzes and the Rand Pauls to take over the party, or their disciples to take over the party,” the moderate New York Republican said on MSNBC.
  • Rep. Peter King Would Run in 2016 Just to Prevent President Ted Cruz or Rand Paul

    05/17/2014 6:45:58 PM PDT · by SeekAndFind · 83 replies
    Mediaite ^ | 05/17/2014 | Matt Willstein
    Republican Senators Ted Cruz, Rand Paul and Marco Rubio get thrown around a lot as possible GOP presidential candidates for 2016. One prominent Republican who does not get mentioned much in that context is Rep. Peter King (R-NY). But during one of his frequent interview with CNN’s Wolf Blitzer Friday, King said he is seriously considering making a run at the nomination, if only to prevent those younger, more right-wing candidates from becoming president. Asked by Blitzer about his 2016 plans, King said he’s “certainly looking at” the possibility, which will include a trip to New Hampshire next month. He...
  • Rep. Peter King plans presidential trips to Iowa, South Carolina (Attacks Cruz and Paul)

    05/11/2014 2:23:04 AM PDT · by 2ndDivisionVet · 18 replies
    (VIDEO-AT-LINK)New York Rep. Peter King is stepping up his attacks on 2016 GOP hopefuls Sens. Ted Cruz and Rand Paul as he builds on his burgeoning presidential campaign with planned trips to Iowa and South Carolina. “I don’t want the Republican Party taken over isolationists such as Rand Paul, or people like Ted Cruz who want to shut the government down,” he said while visiting Harvard University’s Institute of Politics. “I want there to be an alternative voice which I feel is in the tradition of Eisenhower, of Reagan, and you know, traditional Republicans who believe in strong national defense...
  • How to Use This Shockingly Simple Method to Immediately Improve Your Investment Returns

    05/03/2014 10:19:54 AM PDT · by SeekAndFind · 15 replies
    Townhall ^ | 05/01/2014 | Nicholas Vardy
    You may already be familiar with the catchy bit of investment advice to “sell in May and go away.” Historically, the first day of May kicks off a seasonally weak period for stock prices that lasts through October. That also means that most of the gains in the U.S. stock market come from the period between the start of November and the end of April. This implies a shockingly simple strategy: Invest in an index fund during November through April and then switch into money market funds until the next November, and you’ll be much better off than an investor...
  • Get Ready for Regulators to Peer Into Your Portfolio

    05/03/2014 9:08:48 AM PDT · by Innovative · 27 replies
    Wall Street Journal ^ | jason Zweig
    In December, the Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls Cards, an electronic system that would regularly collect data on balances and transactions in brokerage accounts. But some critics think it could endanger the privacy and security of investors’ confidential data. Under Cards (which stands for Comprehensive Automated Risk Data System), Finra would collect—probably weekly—a record of activity at all of the more than 4,100 brokerage firms nationwide.
  • Gerry Adams arrest: NI police granted extension

    05/02/2014 1:30:24 PM PDT · by BlackVeil · 20 replies
    BBC News ^ | 2 May 2014 | anon
    Police in Northern Ireland have been given more time to question Sinn Féin leader Gerry Adams in connection with the 1972 murder of Jean McConville. ... An initial 48-hour deadline to either charge or release him was due to expire at 20:00 BST on Friday, but the police successfully applied for more time to question him. ...
  • Arrest of Adams is 'an act against democracy'

    05/02/2014 5:50:26 PM PDT · by SunkenCiv · 25 replies
    EU Observer ^ | May 2, 2014 | unattributed
    The European Left's candidate for the European Commission presidency, Alexis Tsipras, Friday called for the immediate release of Sinn Fein leader Gerry Adams who is been held for questioning in connection with the 1972 murder of Jean McConville. Tsipras called the arrest a "politically inflammatory act against democracy".
  • Gerry Adams arrest: Martin McGuinness blames ‘the dark side’ (Northern Ireland)

    05/02/2014 12:59:39 AM PDT · by Olog-hai · 15 replies
    Belfast Telegraph ^ | 01 May 2014
    Martin McGuinness blamed the “dark side” of policing for Gerry Adams’ detention during the election campaign and insisted his leader could have been questioned without being arrested. He said the questioning centered on books Mr. Adams had written and what others said about him—those “maliciously and vehemently” hostile to the peace process. …
  • Gerry Adams arrested over McConville murder

    04/30/2014 1:03:15 PM PDT · by Berlin_Freeper · 54 replies
    bbc.com ^ | 30 April 2014 | bbc
    Sinn Féin leader Gerry Adams arrested
  • The weapons man: ‘I gave the IRA powerful anti-tank shells the US Army used in Iraq war’

    04/27/2014 11:30:33 PM PDT · by Olog-hai · 23 replies
    Belfast Telegraph ^ | 28 April 2014 | Suzanne Breen
    The IRA has a secret arsenal of deadly munitions capable of bringing down military helicopters and penetrating PSNI Land Rovers, killing all personnel traveling inside. Millionaire Florida stockbroker turned IRA gunrunner, Mike Logan, says he sent the powerful incendiary shells to the Provisionals who tested them and were “delighted with the results”. […] As well as arming the Provisionals with hundreds of handguns as previously reported, he has now disclosed that he also sent munitions as powerful as those the US Army deployed against Saddam Hussein in the Iraq war. He claims that years after the IRA ceasefire, the Provos...
  • IRA rollover ruling stuns advisers and savers (govt changing the rules after the fact again)

    04/08/2014 3:04:48 AM PDT · by Red in Blue PA · 44 replies
    Retirement experts call it a game changer for the 50 or so million households in the U.S. that own an individual retirement account — an IRA. Uncle Sam’s Tax Court just ruled that the one-rollover-per-year rule applies to all of a taxpayer’s IRAs rather than to each IRA separately. And that ruling, say experts, is in direct conflict with IRS Publication 590, the bible for IRAs. “Industry leaders, financial advisers, and everyone else who handles IRAs are stunned,” said Denise Appleby, the editor and publisher of The IRA Authority According to Appleby, there are two ways to move money between...
  • IRA terrorists 'plotted to kill Prince Philip with two bombs targeting Australian motorcade..

    03/10/2014 5:55:33 AM PDT · by C19fan · 5 replies
    UK Daily Mail ^ | March 10, 2014 | Mario Ledwith
    The IRA staged an audacious attempt to assassinate Prince Philip in Australia during an official trip, a former spy has claimed. The Irish paramilitary group allegedly planted two bombs targeting the Duke of Edinburgh’s cortege as he travelled through Sydney in 1973. Both devices were located minutes before the royal visitor was due to pass, prompting an immediate security operation to allay the threat.
  • Peter King: Rand Paul ‘Unfit to Be a Leader of a Party’

    03/09/2014 5:28:00 PM PDT · by Olog-hai · 57 replies
    Fox News Insider ^ | March 09, 2014 1:48 PM
    Rep. Peter King (R-N.Y.) was on “America’s News Headquarters” today, where he discussed Kentucky Sen. Rand Paul’s speech at the Conservative Political Action Conference. In his speech, Paul said that the NSA monitors all phone calls. […] “I think it’s an ignorant strategy which shows that he’s unfit to be a leader of a party. To say that the NSA is monitoring people’s phone calls—the NSA does not listen to anyone’s phone calls, cannot record the conversations of anyone’s phone call, unless there’s a court order, and that can only be obtained after [they’ve] shown direct contact with a terrorist...
  • Experts: ‘Retirement Crisis’ Concerns Might Be Overblown

    03/07/2014 7:00:22 AM PST · by SeekAndFind · 23 replies
    Pajamas Media ^ | 03/07/2014 | RODRIGO SERMEÑO
    WASHINGTON – Experts have cautioned against concerns over a retirement crisis, saying the most commonly cited measure of retirement income ignores a large portion of the money retirees receive.Recently, many pundits and policymakers have expressed much concern [1] about the U.S. retirement system. They argue that the United States is facing a crisis due to the shift over the past three decades from defined-benefit pensions to defined-contribution savings plans. They also worry Americans do not seem to save enough when they are working and in retirement their meager pension income will force them to rely on Social Security.In response,...
  • Obama plan: Cut tax breaks for richest retirement savers (Camel's nose under the tent)

    02/22/2014 11:34:32 AM PST · by Red in Blue PA · 35 replies
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama plan: Cut tax breaks for richest retirement savers

    02/21/2014 1:32:19 PM PST · by stevie_d_64 · 44 replies
    Wall Street Journal (Market Watch) ^ | February 21, 2014 | Robert Powell
    President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% of income — and include an overall cap on all retirement accounts, including pensions, that could bring in $1 billion a year in new tax revenue, according to a Pensions & Investments report. Read Companies bracing for 1-2 retirement punch . According to the report,...
  • Obama step closer to seizing retirement accounts

    02/14/2014 5:48:59 AM PST · by SkyPilot · 65 replies
    WND ^ | 28 Jan 14 | Jerome R. Corsi
    <p>When you hear, “Hello, I’m from the federal government and I want to help you manage your retirement savings,” the best advice is to run away, as fast as you can.</p>
  • As 'Retirement Gap' Concerns Reach Across Partisan Divide, Senators Propose Savings Solutions

    02/14/2014 3:08:26 AM PST · by Cincinatus' Wife · 40 replies
    Roll Call ^ | February 12, 2014 | David Harrison
    When President Barack Obama introduced a new retirement savings plan during his State of the Union speech last month, the Republican response was uncharacteristically muted. Although Republicans were upset about the president’s new reliance on executive authority to push his agenda, they had few harsh words about the details of the retirement idea. Dubbed MyRA, Obama’s initiative is intended to allow workers who do not have access to other workplace savings plans to open an account overseen by the government that would invest in low-risk Treasury bonds. It’s a relatively modest proposal, one that would be entirely voluntary for employers...
  • Prepare For When The New MyRA Becomes "TheirRA"

    02/10/2014 11:11:19 AM PST · by blam · 10 replies
    Market Oracle ^ | 2-10-2014 | Peter Krauth
    Prepare For When The New MyRA Becomes "TheirRA" Personal_Finance / Pensions & Retirement Feb 10, 2014 - 06:47 PM GMTPeter KrauthBy: Money_Morning Personal Finance Peter Krauth writes: In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare...
  • Prepare Now for When the New MyRA Becomes "TheirRA"

    02/10/2014 7:24:55 AM PST · by Vigilanteman · 21 replies
    Money Morning ^ | 10 February 2014 | Peter Krauth
    In his recent State of the Union Address, President Obama unveiled something new: a retirement savings account to "help" Americans build a nest egg, coining it the "MyRA." Something immediately felt wrong about the proposal... but I couldn't put my finger on it. So I researched the new MyRA and found details to help you understand just how it works. But I also saw some potential dangers there that you need to prepare for now... What MyRA Really Means Like most government programs, getting to their essence can take some sifting. So I've distilled here what I think are the...
  • The Countdown to the Nationalization of Retirement Savings Has Begun

    02/05/2014 12:30:52 PM PST · by SeekAndFind · 31 replies
    International Man ^ | 02/05/2014 | Nick Giambruno
    Simply put, the new myRA program put forward by Obama is at best a sucker's deal… or worse, it's a first step toward the nationalization of private retirement savings. (Note: If you haven't yet heard of myRA, I'd strongly suggest you read this excellent overview by my colleague Dan Steinhart.)Even before the new myRA program was announced, there had been whispers about the need for the US government to assume some risk for US retirement accounts. That's code for forced conversion of private retirement assets into government bonds.With foreigners not buying as many Treasuries and the Fed tapering, the US...
  • The trouble with Obama’s myRA plan: Retirement plan helps those with no 401(k), but not much

    02/02/2014 11:54:41 AM PST · by SeekAndFind · 18 replies
    MarketWatch ^ | 02/02/2014 | Chuck Jaffe
    Real life isn’t always a “Field of Dreams,” where “if you build it, they will come.” Instead, there are times when you build it, and they go “Ho-hum,” and mostly ignore you. So while any effort to encourage increased retirement savings among workers deserves to be applauded — arguing against increased savings is like disputing the value of parenthood and apple pie — it’s hard to see President Obama’s myRA program achieving most of its goals, because once you get past what he described during the State of the Union address, it appears to be a lot of wishful thinking....
  • Huge See, I Told You So from 2008: Democrats Try To Take Your 401(k)

    01/30/2014 5:00:06 AM PST · by EBH · 63 replies
    Rush Limbaugh ^ | 11/1/2010 | Rush Limbaugh
    RUSH: Well, now, that's fascinating you mention that, because that's the next item up in my Stack of Stuff and I talked about this weeks ago, maybe even months ago when Tom "Dung Heap" Harken proposed this. Now, before you condition Alicia, let me refer to what she's talking about. It's Mark Hemingway in the Washington Examiner: " Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that....
  • Obama pitches retirement savings options at U.S. Steel's Irvin Plant

    01/30/2014 2:57:38 AM PST · by Cincinatus' Wife · 50 replies
    Pittsburgh Tribune-Review ^ | January 29, 2014 | Mike Wereschagin
    ".......... After the tour and speech, he signed an executive order directing Treasury Secretary Jacob Lew to establish the savings bonds. Named and modeled after existing Individual Retirement Accounts or IRAs, the bonds offer tax benefits that regular savings accounts do not, don't lose value and can be withdrawn tax-free any time. “It's safe. These balances will never go down in value,” Obama said. Lew, whose agency will set up the bonds, accompanied the president, whose directive is one in a series of executive orders Obama said he's using to circumvent a divided Congress that's on pace to be the...
  • IRA Confiscation: It's Happening

    01/29/2014 1:04:11 PM PST · by Kartographer · 46 replies
    Zerohedge ^ | 1/29/14 | Simon Black
    I have an old acquaintance named Sam who has a hell of a deal for you. Sam is actually a pretty famous guy with a big reputation. Unfortunately he has been a bit down and out on his luck lately… but he’s trying to make a comeback. And Sam is prepared to float you a really great investment opportunity. Here’s the deal he’s offering: you give Sam your hard-earned retirement savings. Sam will invest your funds, and pay you a rate of return. Granted, the rate of return he’s promising doesn’t quite keep up with inflation. So you will be...
  • Treasury to pick manager for Obama myRA retirement program

    01/29/2014 1:30:10 PM PST · by Jean S · 59 replies
    Reuters ^ | 1/29/14 | Patrick Temple-West and Ross Kerber
    WASHINGTON/BOSTON (Reuters) - President Barack Obama's new "myRA" retirement savings program will be run by a private-sector money management firm chosen by the U.S. Treasury Department from a field of up to 30 firms, a senior administration official said on Wednesday. In a competitive bidding process to begin in the next few weeks, the Treasury Department will select a firm with experience in handling Roth individual retirement accounts (IRAs), the official said on a conference call with reporters. The time frame was not clear, with the official saying only that selection would take place in months ahead. With millions of...
  • Obama to launch government-backed retirement savings program

    01/29/2014 3:12:07 AM PST · by Red in Blue PA · 101 replies
    WASHINGTON, Jan 29 (Reuters) - The Obama administration is scheduled on Wednesday to launch a retirement savings vehicle called "myRA," aimed at enrolling more Americans in a government-backed investment option. 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.
  • Tony Blair ‘brokered deal’ blocking IRA victims from suing Libya

    01/26/2014 11:57:57 PM PST · by Olog-hai · 1 replies
    Belfast Telegraph ^ | 27 January 2014 | Adrian Rutherford
    Tony Blair could face legal action amid claims he “connived” with Colonel Gaddafi to block a multi-million pound compensation claim by IRA victims. An email is said to show the former prime minister intervened in a long-running legal action from victims of Libyan-sponsored terrorism. The email suggests Mr. Blair helped to broker an agreement between Gaddafi and US President George W Bush, which saw Libya pay a one-off £1 billion in compensation to US victims of terrorism to settle all actions. […] The Libyan regime supplied Semtex for IRA attacks, said to include the 1987 Enniskillen bomb, which killed 11...
  • Irish Republican terrorists plotted to kidnap Queen Victoria from Balmoral and hold her hostage..

    01/13/2014 6:53:55 AM PST · by C19fan · 8 replies
    UK Daily Mail ^ | January 13, 2014 | William Turvill
    rish Republicans plotted to kidnap Queen Victoria at Balmoral to help free prisoners, it has emerged. The ‘desperate and daring’ terrorists wanted to take the Queen from her Scottish estate and hold her hostage in a shabby cottage, according to newly-released records. The rifle-wielding gang from Salford, Greater Manchester, intended to keep her until the government agreed to release Republicans from prisons across Britain and Ireland.
  • Democrats - Party of Scandals and Murders

    01/12/2014 3:46:26 AM PST · by LD Jackson · 29 replies
    Political Realities ^ | 01/11/14 | Marcia Wood
    So for the Liberals, Democrats and left-wingers how does it feel to realize that your Commander In Chief spent five years attempting to destroy the greatest Nation in the World.   Enjoy the few minutes of glory, because before 2014 comes to an end – your reputation will go down the tubes just like Barack Obama’s. Do you really think that you will a free “get out of jail card” after Americans have suffered through the Fast and Furious gun runner, Benghazi, IRS, NSA and ObamaCare scandals?  Like any other crime in our USA, you may not be the one who...
  • Gardaí to be armed in dissident crackdown (Republic of Ireland police)

    01/02/2014 9:25:59 AM PST · by Olog-hai · 4 replies
    Belfast Telegraph ^ | 02 January 2014 | Greg Harkin and Tom Brady
    More than 120 uniformed gardaí in specialist units in the Republic will be permanently armed from today as part of a crackdown on criminal gangs and dissident terrorists. This is the first time that uniformed gardaí have been given permission to carry guns full-time since the foundation of the force almost a century ago. […] An increase in gun violence has partly prompted the decision to turn the units into permanently-armed squads. …
  • Financial Repression From The Obama Administration: How Savers May Be Forced To Buy Federal Debt

    12/23/2013 7:19:46 PM PST · by bkopto · 65 replies
    Forbes ^ | 12/23/2013 | William Tucker
    Some experts are concerned that the Obama Administration is poised to begin forcing Americans to stock their retirement accounts with low-return government bonds. Richard Cordray, director of the Consumer Financial Protection Board, told Bloomberg News that his new regulatory agency was mulling a move to control the $20 trillion that Americans have invested for retirement. He specifically mentioned 401(k) plans and IRAs. “That’s one of the things we’ve been exploring,” Cordray told Bloomberg reporter Carter Dougherty in January. Cordray’s seemingly stray comment was largely ignored by mainstream and financial media, but won the attention of fund managers and economists. SNIP...
  • Obama's Plan to Snatch Your Savings - Now he has his sights set on your 401(k)

    12/05/2013 4:34:37 AM PST · by bestintxas · 88 replies
    am thinker ^ | 12/5/13 | j folks
    In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k). The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One egregious attempt was the proposal, following the 2010 financial crisis, to "safeguard" retirement savings by requiring that they be rolled over into Treasury bonds. Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans. The funds would have been used...