by Simon Black. The stage is set. According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. ... MORE
Showing posts with label savings. Show all posts
Showing posts with label savings. Show all posts
How And Why Gov't Will ‘Borrow’ Your Retirement Savings
by Simon Black. The stage is set. According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. ... MOREWashington Is Trying To Get Your Retirement Account
by Charles Payne. Big government's next big reach. Tuesday was another anxious day for the market, ahead of three major events beginning with the Fed decision getting announced today, Scotland’s vote on Thursday, and the debut of Alibaba on Friday. All along, I have felt that the past few sessions have been an orchestrated attempt to ... MORE
Jeffrey Folks: Obama's Plan To Snatch Your Savings
The next stop on the path to socialism. In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k). The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One ... MORE
Walter E Williams: You Don't Have To Stay Poor
Come early, stay late. No one can blame you if you start out in life poor, because how you start is not your fault. If you stay poor, you're to blame because it is your fault. Nowhere has this been made clearer than in Dennis Kimbro's new book, "The Wealth Choice: Success Secrets of Black Millionaires." Kimbro, a business professor at Clark ... MOREGovernment Spending Is Ruining Families
by Janice Shaw Crouse. The economic picture in the United States gets worse with each passing day of the Obama administration, and families are especially hard-hit. While the damage is already devastating, the ramifications will continue wreaking havoc on today's children when they are adults starting their own families. Comedians refer ... MOREJohn White: The Feds Want Your Retirement Accounts
Politicians eyeball new money pot. Quietly, behind the scenes, the groundwork is being laid for federal government confiscation of tax-deferred retirement accounts such as IRAs. Slowly, the cat is being let out of the bag. Last January 18th, in a little noticed interview of Richard Cordray, acting head of the Consumer Financial Protection Bureau, ... MOREPaul Hsieh: 5 Ways To Protect Yourself From ObamaCare
How the individual can minimize the damage. Now that President Obama has won re-election, repeal of the ObamaCare
health law is no longer realistic. Although some state governors
continue to resist and there are some still-pending legal challenges,
prudent Americans should prepare for the law being eventually
implemented in full. ObamaCare will ... MOREDavid Henderson: Getting Rich In America
Eight simple rules. Sometimes, when the person beside me on an airplane finds out that I'm an economist, he/she will ask, "What's going to happen to the economy?" I answer, "I don't know." If the person is somewhat more sophisticated, he will ask "What's going to happen to interest rates?" I used to answer, "I don't know." I now answer: ... MOREAnthony Randazzo: No, This Is Not A Housing Recovery
Those saying we're in a housing recovery are wrong. We have not reached the bottom of the housing market. I hate to say it. I really do hate to always be the pessimist. And I don’t say this because I’ve been steeped in a couple decades' worth of bitterness as a Red Sox fan. The numbers are just not adding up to recovery. It is all the rage these ... MORE
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