Say Goodbye to Privatized 401K Plans

If democrats get their way, and that is a good possibility, say goodbye to your privatized 401K plan. They want to take over those and convert them into a universal Guaranteed Retirement Accounts (GRA’s) managed by the Social Security Administration…just what we need…more government. Oops, I mean change...

So why would the Democrats consider a plan like this? Well one is for wealth redistribution and the other is because government knows best. Americans are to stupid to take care of themselves.

For the latest information on what the Democrats want to do to your private pension plans read this excellent article by Karen McMahan published in the Carolina Journal. Pay close attention to the part that says the government will seize half your pension plan if you die, only allowing half your pension to be left to your family.

Don’t you folks just love all this new “change!”