There is BIPARTISAN support to force IRAs into government approved “annuities” to “guarantee” a stream of income for seniors. The biggest untapped pool of money in the USA is the retirement savings of folks in 401K plans and IRAs.
They are going to tell you that the uncertainties of the stock market are tooooooo risky and that compassionate care for seniors is going to be that they GUARANTEE a stream of income to you with a securitized annuity. The “security” of course will be treasury bonds, which for years have been THE most stable and secure investment in the world..., but due to George W Obama, are headed for junk bond status by 2017, according to the chief economist at Standard and Poor.
I cashed mine out, paid the penalties, and unapologetically walked past the sneering Wall Street enablers shrieking “TIN FOIL HAT WEARER.” I put all my non-speculative money (I am still actively trading the forex, and have some ultra short index funds) into gold, silver, guns, a stake in a small farm, and a cache of basic living items (including stockpiled foodstuffs for six months). You can mock with jibes about black helicopters and Alex Jones wack jobs all you want.
They want your money, people, and there ain’t a damn nickel’s difference in the determination of the two parties to get it.
Thankfully, there is nothing bipartisan about congress. The steamroller used to crush individual freedom runs at .5 mph when republicans are in control and 10 mph when the rats are in control. My senator has been fighting rats for years and is rarely in compliance with the freedom killers. There are a few good congressman that carry the fight and most of those just happen to be repubs. The RINOS are not fit for garden fodder just like the rats.