government

Saving for retirement? Federal government to determine how much money you actually 'need'

Tuesday, April 23, 2013 by: Jonathan Benson, staff writer
Tags: retirement savings, socialism, IRA accounts

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
CDC issues flu vaccine apology: this year's vaccine doesn't work!
The five biggest lies about Ebola being pushed by government and mass media
Why does the CDC own a patent on Ebola 'invention?'
Ultraviolet light robot kills Ebola in two minutes; why doesn't every hospital have one of these?
Tetanus vaccines found spiked with sterilization chemical to carry out race-based genocide against Africans
Oregon man serving prison sentence for collecting rainwater on his own property
Russia taking McDonald's to court, threatens countrywide shutdown
Global warming data FAKED by government to fit climate change fictions
The best way to help your body protect itself against Ebola (or any virus or bacteria)
Healthy 12-year-old girl dies shortly after receiving HPV vaccine
Ebola outbreak may already be uncontrollable; Monsanto invests in Ebola treatment drug company as pandemic spreads
HOAX confirmed: Michelle Obama 'GMOs for children' campaign a parody of modern agricultural politics
Ben & Jerry's switches to non-GMO, Fair Trade ice cream ingredients
W.H.O. contradicts CDC, admits Ebola can spread via coughing, sneezing and by touching contaminated surfaces
BREAKING: CDC whistleblower confesses to MMR vaccine research fraud in historic public statement
Monsanto's seed imperialism halted in Canada thanks to massive protests
Cannabis dissolves cancerous tumor in young infant, deemed a 'miracle baby' by physician
Top ten things you need to do NOW to protect yourself from an uncontrolled Ebola outbreak

Delicious
(NaturalNews) The federal government's ongoing looting spree of Americans' hard-earned wealth is picking up speed in the retirement savings department, as new reports have emerged outlining a plan by the Obama Administration to regulate the amount of money Americans can receive from their own retirement savings accounts. As reported by The Dollar Vigilante, the first step towards eventually seizing people's retirement accounts altogether appears to involve putting a cap on retirement annuities, with the federal government determining how much money individuals actually "need" from their own savings accounts.

A socialist slap in the face to millions of Americans who have spent their whole lives working hard and saving for retirement, the flagrantly unconstitutional plan comes from the mouth of a senior Obama Administration official who recently made it very clear how the federal government views the "wealthy." If you make "too much" money, as determined by the federal government, Big Brother will simply siphon some of it off and redistribute it, or perhaps keep it for itself.

"Under current rules, some wealthy individuals are able to accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving," explains a recent statement from the White House about the planned socialist takeover of Americans' retirement accounts. "The budget would limit an individual's total balance across tax-preferred accounts to an amount sufficient to finance an annuity of not more than $205,000 per year in retirement, or about $3 million in 2013."

Take control of your retirement savings to protect it from government seizure

So not only will American taxpayers have to deal with the current theft of their hard-earned wealth via the illicit federal income tax scam, the endless inflation-inducing printing of fiat currency by the private Federal Reserve, excessive property taxes, capital gains taxes, and death taxes, but they could also soon have to surrender to the corporate cabal their retirement accounts, should such accounts be determined to be in "excess." This is all, of course, a product of the Obama administration's openly socialistic policies, which are now bordering on full-fledged communism.

"[I]f you manage to survive all the taxes and inflation, whatever remaining money you have left will be mostly gutted by the death tax," writes Jeff Berwick, Editor-in-Chief of The Dollar Vigilante, about the scam. "This, of course, is the warm up for big confiscation of retirement account money later on ... a topic that has already been discussed openly in Congress."

Many are now recommending self-directed IRA accounts, including those dealing in precious metal investments, as a viable and more secure alternative to traditional retirement accounts like automated 401(k)s. Another option is to purchase real estate with existing IRA accounts, including overseas real estate in countries that are far less prone to being plundered by the unscrupulous thieves running the American federal government.

Sources for this article include:

http://dollarvigilante.com

http://www.usnews.com

http://www.wnd.com/2012/11/now-obama-wants-your-401k/

Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.