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 ...
Things will be different this next year.
LOL! Me too!
What a let down..............
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.
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".
***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...
A sufficiently ambiguous term. But I hope you are correct.
Next, he’ll propose that the US Postal Service handle savings accounts.*
*US Postal Savings System V2.0
I’m sure somewhere in the argument they will tell you “If you like your broker, you can keep him...”
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.
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.
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).
I see AAPR membership enrollment envelope does don’t include a self stamp any more. Guess they have there quota of bricks now!
Using Hollyweird style bookkeeping you can do that while becoming filthy rich.
The US has “been there and done that.”
United States’ Postal Savings System, June 25, 1910. P.L. 61-268; 36 Stat. 814.
“Obama to announce retirement”
if only it was an early retirement
All I know is that it’s never like it sounds with this guy.
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.
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