December 2022
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December 2, 2022

Financials Matter

"It's Not Just About Finance"

Hands Over Your Head, Pt. 2

Over the last few decades the success of 401k plans has been phenomenal.  And for good reason.

They’ve offered average Americans a great way to save money for retirement.

Many plans include bonus (or matching) contributions from employers.

What’s not to like about that?

They’ve been a great asset for the economy.

They’ve helped fuel the rise in the stock market to the tune of TRILLIONS of dollars.

Every month your money gets taken from your paycheck and is added to the investment pool and hopefully, based on your selections, you see your account value rise.

Unfortunately, retirement accounts have become a sacred cow.  Most people look at them as their salvation.

BIG MISTAKE.

You can’t trust in them.

Our government officials have also been paying close attention to them.

In their eyes your “sacred cow” looks like a fat hog ready for the slaughter.

Their reasoning is simple.

It’s mathematically impossible to pay off our national debt.  Even if they taxed everyone in the nation at 100%, it still wouldn’t be enough.

So, by looking at other options, the obvious target is to confiscate $24 Trillion+ in IRA/401K’s.

Our lazy politicians have a simple plan:  Pass laws allowing the government to take control of all retirement assets in the US.

Problem solved.

It’s too tempting and too easy for them to pass up.

Think of it like a starving pack of wolves eyeing up a flock of sheep.  Only these wolves won’t be satisfied with just a few meals…they want the whole flock.

The question is not “How can this possibly happen?”

It’s more accurate to ask, “When will this happen and What can I do to protect myself?”

The answers are too long for this email but, to find out more simply follow the link. HERE.

 

 

 

 

 

 

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