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New Obama Regulations Will Push Private Retirement Savings Into Government Accounts
townhall.com
If you thought Obamacare was terrifying, just wait until you read about what President Obama's regulatory agencies are planning to do with your retirement savings.
According to an alarming report in the Wall Street Journal, government regulators at the Labor Department will be implementing new rules at the end of the year that will eventually force private retirement investments into government accounts. How? By making private investment options, specifically IRAs, too burdensome, a liability and expensive...
Like Obamacare, which made providing private health insurance plans so expensive that major companies dumped employees into the government exchanges, these Obama administration regulations will make retirement savings through private sources so burdensome, it will force employees into government accounts.
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