Tag Archives: 401(k)

No Government 401(k) Takeover

Posted on December 11, 2012

Q: Is the Obama administration attempting to eliminate private 401(k)s and IRAs and create a “national retirement system”? A: No. Obama endorses a proposal that would require businesses without retirement plans to establish private IRAs for their employees and deposit a percentage of wages into the accounts. Employees could opt …
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IRAs, 401(k)s and You

Posted on November 19, 2008 , Updated on November 28, 2008

Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts? A: No. There’s no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.

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