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16%  
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Keyword: destroyiras

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  • 401k/IRA Screw Job Coming?

    01/08/2010 11:07:28 AM PST · by Zeddicus · 191 replies · 7,209+ views
    Market Ticker ^ | 01/08/2009 | Karl Denninger
    Now this is a guaranteed rape job. In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market. Where would they get this? From your 401k and IRA accounts! From Businessweek: The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury...