[VTenigma]

Your screen name fits well. $14 trillion held in private retirement accounts. Now the feds (Obama) has started down the road to regulatory confiscation. First it was MIRA, forcing private employers that don’t offer 401ks to there employees to fund MIRAs, shortly thereafter onerous regulations that may force out small investment firms due to over reaching regulations that may be to expensive to comply with.

Leaving only large financial institutions able to manage your funds, fattening them up and leaving fewer choices for private investors. It’s a very short hop, skip, and jump to regulations empowering the feds to manage your retirement and eventually controlling your 401k under federal authority. Presto changeo look at that, the feds have now magically found $14 trillion. Aren’t they wonderful? National debt nearly Z-ed out in a couple regulatory moves. Your money is no longer yours but the feds to do with as they see fit.

Doubt me? think I’m a conspiracy nut? Look around, negative interest rates in Europe and Japan, US debt ay 100% of GDP. Next stop confiscation, bet on it.

[rlmorel]

I have long said that the government will seize our assets...

[LambSlave]

Don’t doubt you at all, I actually planned my retirement according to your scenario happening; it was obvious to me that SS and medicare were going to put any tax-favored retirement accounts at risk. Starting 18 years ago with that measly $20k of savings, I built a small fortune— most of my retirement savings is now post-tax and liquid. I can move it offshore in four days if need be. Yeah, I have a 401k and an IRA as well, but now it is just one small piece of my portfolio, and I can eat the tax loss if the future looks grim and cash it out. My point is simply that THIS law of itself is actually not a bad thing; all people who invest our money should have our best interests at heart and not use our finances to rape us for profit to feed to their preferred clients— which is exactly what happens now.

[Political Junkie Too]

It’s a very short hop, skip, and jump to regulations empowering the feds to manage your retirement and eventually controlling your 401k under federal authority. Presto changeo look at that, the feds have now magically found $14 trillion. Aren’t they wonderful? National debt nearly Z-ed out in a couple regulatory moves. Your money is no longer yours but the feds to do with as they see fit.

My 401(k) is mostly in corporate stock. Wouldn't this be a government takeover of private corporations if they force shareholders to move their accounts to federally managed agencies? They can't just liquidate these holdings to pay the debt without affecting the capital cashflow of our corporations.

-PJ

[SkyPilot]

The Tribble vs. Edison decision almost guaranteed that IRAs and 401Ks will be seized by the government.

Ramifications of Supreme Court decision on 401(k) fee lawsuit run deep

‘Kiss your pension fund goodbye’? Economist warns government could seize 401(k)s

As I said, most people don't even want to contemplate this happening, much less deal with it.

Government is preparing to seize 401(k) retirement plans

My guess has been that the government will wait for the next crisis to makes its next move. Given that they are already turning the gears, I may have underestimated their greed.

But given that IRAs, 401Ks, and other retirement plans are entrenched with the stock market, and the stock market is a massive, massive bubble of hot air caused by numerous QEs and other shenanigans, the future is ripe for the government to take "extraordinary measures" during the next crash.

[4Liberty]

Publis Union pensions are insolvent, so they gotta take yours...