The US government needs money and one of the things they are looking at is taking money from your IRA and 401K.
There is a very real possibility that they will make it law that 5% of your retirement money will have to go towards purchasing government bonds or else you will have to cash out your retirement accounts and fulfill the tax obligations. The government will pay 3% interest on these bonds.
Stay tuned.
Sunday, November 2, 2008
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