Dreos Financial Services

6/11/10

ALTERNATIVE RETIREMENT TO A 401k or an IRA ACCOUNT

 As we continue to take a long hard look at Obama and the group of morons who surround him, and how they plan to capture the last major asset that we individuals possess, our retirement plans we really need to give this a lot of thought.  As I’ve said many times before twenty-five or thirty years ago had we privatized Social Security and the congressman at the time had the ware with all and ability to standup and be counted, we wouldn’t be in this mess and looking at the behind the scenes tactics of the far left of the Democratic Party and what they are trying to do.  If they didn’t have the Social Security fund to raid over the last thirty years maybe government would have been reduced and our lives would have been a little more simpler and we’d have a little more to show for it and everyone including government would live within their means. 

 We all tend to be greedy and it’s a wonderful thing until the day of reckoning comes and stares us right in the face and its staring us in the face right now.  I will continue to say it as long as I have a breath, Private Pension Plans, personally owned with no ties to any existing government programs is our only choice.  Any program like a 401(k) or an IRA that is tied to the government will always have strings attached and since the government is currently broke with their outlandish spending over the last year, they are going to try and garnish our assets, don’t let them do it, be prepared and have your own foundation of cash available to you when you retire.

 Washington is readying confiscatory revenue-raising subterfuge because the funding crisis for Social Security is no longer something that can wait to be dealt with years down the road.

 The crisis is starting to unfold now.  As the New York Times acknowledged, “This year, the system will pay out more in benefits than it receives in payroll taxes, an important threshold it was not expected to cross until at least 2016, according to the Congressional Budget Office.”  The trickle of red ink will soon become a flood under the pressure of 78 million retiring Baby Boomers.

 The herding of the investing public into investments of the government’s choosing has begun.  As Bob Chapman of The International Forecaster explains, “The looting of retirement plans is still in the planning state, and you’re seeing these trial balloons go up.”

 The March 9 edition of Business Week notes that new federal regulations designed to “promote the conversion of 401(k) savings and individual Retirement Accounts into annuities or other steady payment streams” would help drive cash into government-controlled entities such as American International Group (AIG), which was bailed out to the tune of $182.3 billion.

 Situational Awareness is Your Very Best Defense Here’s How to Stay Tuned in

 The likelihood of a major Congressional overhaul of IRA and 401(k) tax-advantaged plans to your detriment is something you should be preparing for.

 At this point, however, it is premature to evacuate money out of retirement accounts for defensive purposes, especially if doing so subjects you to penalties.  However, you should be prepared to adjust your strategy as circumstances dictate.

 For now, it’s advisable to be cautious about making new contributions.  Before you max out an IRA or 401(k), be sure you have some “emergency” retirement money in and untraceable, easily accessible form that is outside the purview of government.  One obvious way to do it is with a Private Pension, your own and untouchable by our government.

 Read everything carefully, absorb the information that you can digest and make your own personal decision accordingly.  We may vote out most of the morons in the fall election but these people will not stop trying and unless we standup as a nation and push them to the side, however, they may never go away.  Continue to educate yourself and continue to read my BLOG!  There is a lot more information to come, stay tuned.

 GOVERNMENT TAKEOVER OF 401K’S AND IRA’S AND THE POLITICAL LEFT’S IDEA TO CHANGE THE WORLD.

I WANT YOU TO  KNOW:

I’m going to take the opportunity over a number of BLOGS to inform and educate everyone that has registered and reads my BLOG on what is going on behind the scenes to garnish our retirement money, put it into a government sponsored fund and in essence give them another piggybank to rob to finance their agendas.  I think as we go forward you will be amazed and surprised what the Obama Administration is trying to do currently behind the scenes.

I have a very good friend and client who in the past has provided me information through sources that he subscribes to and forwards it to me and has become a major resource to allow me to pass onto the people that I know and people who will find my website and start to re-evaluate their options concerning their retirement going forward.  This is all about the validity of Private Pension Plans which could be the last bastion of sanity concerning the holding onto what we got and not making our assets available to a mis-guided government that is currently in power and would like to make changes that would be devastating to all of us. Here are just a few excerpts from this extremely important story to follow……

401(k)/IRA Nationalization Quietly Moves Forward

As the government finances continue to deteriorate, the White House and a powerful network of left wing think tank, congressional activists and the highly-influential Ford and Rockefeller Foundations are engineering a new regulatory and tax incentive drive to herd and ultimately force Americans to convert their 401(k) and IRAs into government-directed retirement accounts.

The 401(k)/IRA de-privatization plan is the brain-child of one of the left’s rising stars, the bright and inventive academic Teresa Ghilarducci.  While Ghilarducci insists 401(k)s will still be “legal” under her plan, the thrust of her idea was revealed on a 2008 radio interview in which she said, “I’m just rearranging the tax breaks that are available now for 401(k)s and spreading the wealth…” Funded by the Rockefeller Foundation, Ghilarducci’s think tank (the Schwartz Center for Economic Policy Analysis SCEPA) is an Obama Administration front group to grease the political skids to make 401(k) nationalization a reality.  (For the next time a financial crisis or rather, opportunity presents itself.)  Ghilarducci’s website cites the involvement and support of Vice President Joe Biden’s White House Middle Class Task Force.

So far as the Obama Administration is concerned, the extreme tactics used to ram health care nationalization down the country’s throat are a blueprint for what could be the biggest asset grab in history the nationalization of private retirement accounts.

IRA and 401(K) De-Privatization Plans: more that an Obama Wish-List item

Every crime has a motive.  It’s not just ideology but practicality that drives our ruling politicians to seek control over large pools of private wealth.  The harsh reality of national insolvency is forcing this danger to the forefront.

This is the first of several excerpts that will follow of what is really going on back in Washington so that none of my readers will be surprised when this comes to the forefront in the very near future.  You can do numerous amounts of research, jump on Mrs. Ghilarducci’s website and this will certainly bring additional information to what they are attempting to do.

Will it happen?  Maybe not.  Could it happen possibly but more importantly it speaks to the fact that if you have a Privately Owned Pension Plan which you own now becomes an  asset in your later years that you own, control, reinvest as you see fit.  A Private Pension Plan should be your primary option if these people are successful or not.

IF FOR SOME REASON THE GOVERNMENT TAKEOVER OF OUR QUALIFIED RETIREMENT PLANS DID HAPPEN, GOD HELP US ALL!

My resource comes from a publication called “Independent Living” that is published by the American Lantern Press, Inc.  This is a very credible organization that does their homework, makes information available all over the United States.  This is the kind of concern that the Tea Party, as well as most of us who are somewhat independent in our thinking and are concerned about our children and grandchildren and generations to come will keep an eye on this and hopefully, stop most of this nonsense in its tracks.

THOUGHT FOR THE DAY:

“The capacity for delight is the gift of paying attention”