Saturday, December 8, 2012

Will Government Tap Into Retirement Savings?

By Anne Trimble


Our company offers services to help clients manage their assets particularly regarding conversion of assets to silver and/or gold. Gold and silver investments are considered to be the only secure and dependable form of savings. Thus, we highly recommend to our clients the significance of turning their funds including retirement investments like 401(k) and IRAs into these valuable metals. Our company believes that such form of retirement funds are not advisable at all and should not be continued.

There is a good explanation for this perspective. It is believed that with a financially-desperate government that is looking closely at the multi-trillion private retirement funding market, the tax benefits involved will be tremendously diminished. This will be due to the rules and regulations that will be implemented to affect this market negatively.

Obama administration officials are trying to figure out how to redistribute private retirement savings to less affluent Americans and to force the retirement savings out of the private market and into government- controlled programs investing in government-issued debt.

So it's not enough that President Obama has mortgaged the present and future of Americans by rolling up $16 trillion in federal debt and wanting to add greatly to that. Now, he apparently has authorized underlings to figure out how to take Americans' rightfully earned, saved and invested retirement nest eggs and throw them into the same fiscal black hole.

Also, these kinds of talks began as early as 2010 when the administration was looking into programs that would launch government-controlled expense options into the private sector. Examples are retirement savings and government permits mainly in US Treasury debts.

Such actions make it extremely obvious that a government takeover is going to occur, especially when it comes to involving retirement funds.

According to CNBC, the government is trying to deal with the so-called fiscal cliff by managing the tax benefits involved in 401(k) retirement plans.

The threats are growing not only to the nation's economy but to your household's retirement assets. At my investment firm, we're here to help you move into precious metals, the best protection of asset value - and against government incursion - yet devised. That's because they're God's Money.




About the Author:



No comments:

Post a Comment