How the Government Is Coming After Your IRA and 401(k) Plan

Robert Wenzel
economicpolicyjournal.com
December 11, 2012

There are huge amounts of money in these plans, which makes it very tempting for government to try and get at it. The government may, or may not, tax the money, but there are other ways they may get at the funds.

An Investment Company Institute study published this month found that U.S. retirement assets totaled $18.5 trillion at the end of the second quarter 2012, of which 3.5 trillion was in IRAs and $5.1 trillion was in 401(k) plans.

World News Daily reports on how the government may try to expand the IRA program and then get its hands on that money:

Read more

This article was posted: Tuesday, December 11, 2012 at 10:19 am

Tags: domestic news, economics

---

---

---

---