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Obama to announce retirement account change
TheState.com (South Carolina) ^ | 02/23/2015 | Lesley Clark

Posted on 02/23/2015 11:39:35 AM PST by E. Pluribus Unum

Edited on 02/23/2015 11:57:58 AM PST by Admin Moderator. [history]

President Barack Obama speaks in Washington. Obama will call on the Department of Labor to develop a rule that would require retirement advisers to abide by a

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


TOPICS: Government; News/Current Events
KEYWORDS: aarp; dol; finta; obama
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To: stremba

Things will be different this next year.


41 posted on 02/23/2015 12:16:40 PM PST by Slyfox (I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever)
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To: deoetdoctrinae

LOL! Me too!

What a let down..............


42 posted on 02/23/2015 12:17:03 PM PST by sneakers
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To: dfwgator

I don’t like having a large bill to pay on April 15, so I generally try to get my tax liability to match my withholdings. However, I do see the logic in what you’re doing.


43 posted on 02/23/2015 12:17:47 PM PST by stremba
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To: E. Pluribus Unum
Obama will call on the Department of Labor to develop a rule that would require retirement advisers to abide by a “fiduciary” standard -- mandating that they put their clients’ interest ahead of making a profit.
Translation: You can only invest in funds that have contributed obscene amounts of money to my "campaigns".
44 posted on 02/23/2015 12:21:18 PM PST by Bratch
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To: Slyfox

***part of a series of moves the White House says is aimed at boosting the middle class.***

Taqiya

What they intend is busting the middle class...


45 posted on 02/23/2015 12:50:10 PM PST by ResponseAbility (The truth of liberalism is the stupid can feel smart, the lazy entitled, and the immoral unashamed)
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To: Slyfox
I have a sneaking feeling that he is going to be "interrupted" as he is proceeding to devastate us.

A sufficiently ambiguous term. But I hope you are correct.

46 posted on 02/23/2015 1:08:51 PM PST by Bloody Sam Roberts (Life and death are but temporary states. But Freedom endures forever.)
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To: fatnotlazy
"Income redistribution. He and his cohorts have been salivating over savings and investment accounts for years."

Retirement benefits for undocumented imported democrats.
47 posted on 02/23/2015 1:30:03 PM PST by clearcarbon
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To: E. Pluribus Unum

Next, he’ll propose that the US Postal Service handle savings accounts.*

*US Postal Savings System V2.0


48 posted on 02/23/2015 1:32:32 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: E. Pluribus Unum

I’m sure somewhere in the argument they will tell you “If you like your broker, you can keep him...”


49 posted on 02/23/2015 1:48:06 PM PST by pfflier
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To: Slyfox

I typically have gotten about 2,000 to$5000 in tax returns. This year i have to pay $ 1300. Never had to pay in before.


50 posted on 02/23/2015 1:52:58 PM PST by subterfuge (Minneseeota: the laughingstock of the nation - for lots of reasons!)
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To: E. Pluribus Unum

They’ve been floating this “fiduciary rule” for over a year, and it seems to be going nowhere. The only difference is charging a commission vs. charging a fee. It will leave people with small IRA accounts to fend for themselves...if they want help or not. The really scary stuff is the expansion of ERISA laws that have happened already for 401(k) plans and the proposals of mandatory lifetime annuities (managed by the government) that would be carved out of 401(k) accounts to provide income after 75. Research the “Middle Class Task Force” and all of the bilge and government expansion that came from that.


51 posted on 02/23/2015 1:53:09 PM PST by jdsteel (Give me freedom, not more government.)
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To: Army Air Corps

Actually they ARE proposing that the Postal Service get into the banking business (including allowing them to hold savings accounts, as some European postal services do).


52 posted on 02/23/2015 2:02:47 PM PST by Buckeye McFrog
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To: fatnotlazy

I see AAPR membership enrollment envelope does don’t include a self stamp any more. Guess they have there quota of bricks now!


53 posted on 02/23/2015 2:21:11 PM PST by Don_Ret_USAF ("No Government can survive Without The Trust Of The People.")
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To: molson209
"You can be in Business only if you make NO PROFIT"

Using Hollyweird style bookkeeping you can do that while becoming filthy rich.

54 posted on 02/23/2015 2:25:37 PM PST by fella ("As it was before Noah so shall it be again,")
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To: Buckeye McFrog

The US has “been there and done that.”

United States’ Postal Savings System, June 25, 1910. P.L. 61-268; 36 Stat. 814.


55 posted on 02/23/2015 2:46:00 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: deoetdoctrinae

“Obama to announce retirement”

if only it was an early retirement


56 posted on 02/23/2015 3:01:07 PM PST by Mrs. B.S. Roberts
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To: E. Pluribus Unum

All I know is that it’s never like it sounds with this guy.


57 posted on 02/23/2015 3:33:58 PM PST by virgil (The evil that men do lives after them)
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To: subterfuge
Where is all the ObamaStash coming from?

The banks got billions of ObamaStash.

Immigrants are getting a bunch of ObamaStash.

ObamaStash comes from our back pockets.

Maybe we need to borrow Algore's lockbox.

58 posted on 02/23/2015 6:00:02 PM PST by Slyfox (I tremble for my country when I reflect that God is just: that his justice cannot sleep for ever)
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