That's a combination designed to strike fear into the hearts of anyone with two or more brain cells in a row.
President Obama addressing the issue of retirement. What could go wrong?
Time to take out your money and put it under the mattress.
How many of you have found this year getting less back in taxes than you did last year?
Our is about $4,000 less.
Prep for seizing 401k’s after he crashes the dollar.
FUNDAMENTAL TRANSFORMATION...
I am sure that REDISTRIBUTION will be involved somewhere.
When I was in college, the first time around, I was studying gerontology and every time we went to a conference as students the old AARP people would show up and cause some type of commotion that ruined perfectly good talks. Every dang time. It makes sense that Obama would be chirping to his choir.
Here is a better idea. Valerie’s man child can shut it.
Social Security is going bankrupt - why not raid IRAs and 401ks and SAVE AMERICA!
First the AARP helps destroy the health care of non-retired (non-medicare) people and now they want to destroy the savings of non SSIP people.
Do AARP members know that they are paying dues so that the organization can wage war on the rest of us?
Retire all your money in Democratic Party accounts
My retirement account is PM’s (in my possession), real estate and hard assets. Sorry, Obama and GOPe, they are out of your reach (so far).
Pay Attention, this is designed to fail and cause BIG losses to the middle class, so the Government can Take Over your Retirement accounts.
“mandating that they put their clients’ interest ahead of making a profit.”
Ummmmmmm......
Wall Street or the government bureaucrats?
Sounds like to wolves and a lamb voting on what's for dinner.
“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.
Unlike doctors or lawyers, financial advisers are not obligated to look out for their clients’ best interests, said Labor Secretary Tom Perez. He said the change would modernize a 40-year-old rule.”
In theory, this should extend to the entire financial sector but I don’t trust this particular administration to pull it off.
If you buy an American newspaper...
If you watch network news...
YOU ARE MAKING A CONTRIBUTION TO THE DEMOCRAT PARTY...
Obama’s theme , NO PROFITS
Well gee, thanks for looking out for us.
That that there will be a new law that financial advisors must look out for their clients somehow does not give me a lot of confidence.
I’ll continue to assume that financial ‘advisors’ are in it for themselves as that is, I believe, a more accurate picture.
I expect the same announcement for doctors soon. Why should those evil doctors who spent a decade of brutal studies becoming a doctor make a profit?