Many in Washington see our investment accounts not as the expressions of well-planned, disciplined decisions but as untapped reservoirs of wealth they can drain to fix the problems that they caused.
Is the same federal government that has Social Security headed for bankruptcy looking to mess with your 401(k) or IRA? YES
The new Consumer Financial Protection Bureau (CFPB), is eyeing your qualified plan.
Do you remember Ronald Reagan’s famous quote about the nine most terrifying words? “I’m from the government and i’m here to help.” You can bet anytime something is advocated by politicians or bureaucrats under the auspices of protecting you, that most likely, you will be harmed and not helped.
This show, David dives into the topic of Washington’s lust for Americans’ retirement investments.
Below are links to articles on this subject. Read and decide for yourself.
Bloomberg: Retirement Savings Accounts Draw U.S. Consumer Bureau Attention
Bloomberg: Capping Top Earners’ 401(k) Seen as Cost Cutter
FoxNews: Is your retirement account safe from our government?
Investors Business Daily: Does Government Want To Drain Americans’ 401(k) Plan?
Wall Street has been successful in convincing the public the only way to save is by speculating in the market. (Listen to: The Great Wall Street Retirement Scam) Many people are not aware that there are options available that allows them to accumulate their savings tax-free as well as spend their savings tax-free. A dollar in taxes paid unnecessarily not only cost you what you lost, but also what what that dollar could have earned had you not gave it away.
Have a question for David or would like to meet with David to discuss your specific situation? He can be reached at: 501-218-8880 or via email: David@DLShowOnline.com
David wraps up this week’s show talking about one of his favorite musicians Josh Garrels. David plays the song Beyond The Blue. Right now for the next two weeks you can down load all five of his albums for FREE! Go HERE to download.
Happy St. Patricks Day! Be thankful for another day here on planet earth and live in today! ~DL