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Is the (exempt) Government Trying to Create 'Obamacare for Your 401(k)'?
Newsmax ^ | 12/22/15 | Trevor Gerszt

Posted on 12/22/2015 5:01:03 PM PST by Libloather

A battle is shaping up over the soul of your retirement account. On one side are those who say you, the individual buyer, are smart enough to navigate your own investments.

Others fear without stronger rules to protect you, you'll be at the mercy of advisers who put their interests ahead of yours. That's the rationale behind a new rule proposed by the Department of Labor (DoL) that requires strict new standards for every retirement investment counselor.

Many see this as another government overreach that assumes we're too dense to sensibly navigate our accounts without federal hand-holding, giving rise to the moniker "Obamacare for your 401(k)."

Then again, many who see it that way are in the finance industry and have a clear stake in government keeping its hands off.

(Excerpt) Read more at newsmax.com ...


TOPICS: Crime/Corruption; Editorial; Government; News/Current Events
KEYWORDS: 401k; exempt; government; obamacare

1 posted on 12/22/2015 5:01:03 PM PST by Libloather
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To: Libloather

If it only targets 401k and not IRA then I can dodge that bullet.

At some point they will find the citizen sufficiently angry to kick the butts of these thieves.


2 posted on 12/22/2015 5:13:14 PM PST by G Larry (ILLEGAL IMMIGRANTS impose SLAVE WAGES on LEGAL Immigrants.)
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To: G Larry

Historically, governments have only done 2 things consistently well. Take money and kill people. Now they want to “help” protect my money too?


3 posted on 12/22/2015 5:20:04 PM PST by Dawggie
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To: Libloather

I fired my financial advisor when I figured out he wasn’t value added. So how does this affect me and my IRA?


4 posted on 12/22/2015 5:31:10 PM PST by DugwayDuke
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To: Libloather
OBAMA-NOMICS,
Bringing unemployment to the masses!

OBAMA-CARE,
Bringing denial of service to the masses.

OBAMA BORDER SECURITY,
Bringing disease and DEATH to the masses.

OBAMA'S RULES OF ENGAGEMENT,
Destroying our military on all fronts.

IF you voted for this ILLEGAL ALIEN IN CHIEF, this MUSLIM TERRORIST IN CHIEF,

ANYTHING OBAMA SAYS is worthless.
Watch what he does, and not what he says.
The ILLEGAL ALIEN IN CHIEF wants ~ and is DIRECTING the policies that regulate ALL health care plans
in the United States ~ TO FAIL !
NEVER FORGET THAT !

Many of us have said for many years that Obama is doing this INTENTIONALLY.
He using the old Soviet Plan from 1934 or earlier.




Only idiots and the evil voted for Obama, or ANY of the Democrats.
AND NOW, WE CAN ADD "Establishment Republicans" TO THAT LIST, ALSO!
They've lied to us, constantly, and really are "Collapsing the System".
And now, these "Useful IDIOTS" who voted for them, are buying the lies that "Obamacare was designed to work." ?
It was designed to fail from the start.
THEN ... THEY GO TO THE "SINGLE-PAYER SYSTEM". They've been sucking our wallets dry for over four years now on the "Obamacare" LIE.
AND NOW THEY WANT MORE TAXES ?
Our Founding Fathers would have hung them already!

Lets review:

Who was it that expanded Medicare and Medicaid to cover many, many more people than it was originally designed to cover?

So Democrats,
Sen Mark Kirk's statement Thursday, Dec 1, 2011 ... It's not our fault that DEMOCRATS raided the Social Security Trust Fund.
Let's remember ...

5 posted on 12/22/2015 5:31:57 PM PST by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Libloather

They’ve already forced us into several pyramid schemes. What’s one more to them?


6 posted on 12/24/2015 3:36:06 AM PST by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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