Obama To ‘Regulate’ Your Retirement Accounts

WARNING: Obama Moving To ‘Regulate’ Your Retirement Accounts…To Fill 'Government' Coffers (and  HIS  'retirement  account' ?)

Chandra Medina 

Saturday, April 9, 2016

 

 

Uh oh!  If you thought Obamacare sucked, just wait until you hear about what 'president' Obama’s regime is about to do with your retirement savings!   Get ready to get pissed.

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.

'president' Obama’s 'regulators' aren’t slowing down. And on Wednesday they unveiled another part of their plan to push Americans out of private investment accounts and into 'government'-run plans.

The 'Department of Labor' says its so-called fiduciary rule will make financial advisers act in the best interests of clients. What Labor doesn’t say is that the rule carries such enormous potential legal liability and demands such a high standard of care that many advisers will shun non-affluent accounts. Middle-income investors may be forced to look elsewhere for financial advice even as Team Obama is enabling a raft of new government-run competitors for retirement savings. This is no coincidence.

If you can’t see the set up, I don’t know what else to tell you. At this point it’s time to start speaking up and writing your congressman. America is slipping from underneath us. 

http://patriotupdate.com/warning-obama-moving-regulate-retirement-accountsto-fill-government-coffers-2/