If IRA holders take advantage of the provisions that allow them to purchase illiquid assets like property or investments in private companies, then the account becomes impossible to liquidate prematurely. Of course the investments must be carefully chosen, but the only issue then becomes finding a custodian willing to approve the transactions.
I use my own Roth to hold venture capital investments, none of which have any tangible value at the moment, but all of which hold great promise. These assets literally cannot be liquidated. Take that and smoke it, tax grubbers!
So what you are saying is that if they seize them, they don't have to pay you very much for them.
I use my own Roth to hold venture capital investments, none of which have any tangible value at the moment, but all of which hold great promise. These assets literally cannot be liquidated. Take that and smoke it, tax grubbers!
I think you are wrong on this. It may well be that the assets can not be liquidated without substantial financial loss, but they can be liquidated.
If you think Obama and his looters care a whit about your financial loss, you are badly mistaken. They will order the assets sold, and if you only get 10 cents on the dollar, that is your problem not theirs. It is far more important to give welfare to the lazy bums than to preserve your wealth.