coolhand
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MANDATORY READ HERE FOLKS! IF YOU'RE A TSPer, YOU'LL WANT TO READ THIS!
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
MANDATORY READ HERE FOLKS! IF YOU'RE A TSPer, YOU'LL WANT TO READ THIS!
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
CB,
I know myself, personally, will take a cautious approach and keep an eye on developments. Not much you can do except continue to contribute and hope it don't happen, stop contributions, cash out pay a penalty.
Choices are limited at this time.
http://blogs.telegraph.co.uk/financ..._seizes_pension_funds_to_pay_debts_Whos_next/I would like to know more about this...Has this been done before, Anyone know?
MANDATORY READ HERE FOLKS! IF YOU'RE A TSPer, YOU'LL WANT TO READ THIS!
http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html
http://blogs.telegraph.co.uk/financ..._seizes_pension_funds_to_pay_debts_Whos_next/
In the article is this link that shows Argentina is doing this.
They've been in turmoil since the 80's....It is extreme and we need to be vigilant.
It is the funds (bonds, stocks, etc) that are getting raped. If we were Argentina, there would be no G Fund. It would have already been emptied. Basically, it would be like President Obama going into Fidelity Invesments and making a withdrawal from the Magellan Fund. Probably write I.O.U. in pretty little, congress-approved script. And then use it to fund SEIU or ACORN.....sorry, I got to stop.....Hopefully, I painted the picture of what is happening down there!So, if our money is in stocks, they can force us to the G -fund? This does not seem right, but then again, not a whole lot seems right these days...:suspicious:
I would like to know more about this...Has this been done before, Anyone know?
Encouraging a ....secure retirement is not a bad thing.
Our G-fund is invested in treasuries (government debt) as is Social Security.
..... running budget deficits, the government needs to borrow...
... So stability in the treasury market is a good thing....
It is possible that we the people (overall) are overinvested in equities and have our retirement funds at too much risk. The issue behind this could be an effort to protect the economy and retirees from future speculative bubbles and financial crises. That would help us all out.
Seems like if their end goal is to have our monies available for the government to dip into (uninvited) they would let us have the IFTs to increase the pots...
QUOTE]
Why do you think we have unlimited transfers into BUT NOT out of the G fund!
Sorry CH....:embarrest:
HAHA, If you get those types of posts.....you can always PM me!:laugh:I posted something that I decided against posting. Nothing you did.![]()