Monday, December 12th, 2016 and is filed under Uncategorized
Is a federal government 401k takeover a real possibility? One look at the numbers shows that such a play is tempting indeed. The U.S. Federal Government is over $19 trillion in debt. The total U.S. retirement assets in the first quarter of 2016 reached an astonishing $24.1 trillion, enough to pay off the entire national debt with change left over. So a better question would be, “why wouldn’t the federal government consider a 401k takeover?”
There are plenty of examples of the federal government trying to get into the retirement planning business. Let’s examine a few of those efforts. Read More
Tuesday, May 6th, 2014 and is filed under Uncategorized
Anemic growth barely hovering above zero in the first quarter of 2014 exposed the depths of a lingering and persistently weak U.S. economy. Gross Domestic Product edged up by a scant 0.1 percent, the slackest pace of growth since late 2012.
New Factory Orders gained just 1.1 percent in March, missing expectations of a bounce from a 1.5 percent rise in February. Wages were flat in April compared to March, with the average hourly wage for private sector workers settling at $24.31—a 1.9 percent from April 2013. The average workweek at 34.5 hours was also unchanged from March, though it was up slightly from April 2013. Read More
Tuesday, October 1st, 2013 and is filed under Uncategorized
We’re getting that question a lot today, so we’ve decided to post some resources that explain what happens during a government shutdown. One thing you need to keep in mind is that the federal government has shut down many times since the 1970’s and America is still here. Read More
Monday, May 6th, 2013 and is filed under Retirement Income Annuities, Videos
According to recent reports, the proposed budget by the Obama administration contains plans to limit the size of your IRAs. Apparently, President Obama believes he knows better than you do how much money is a “reasonable” amount to fund your retirement.
Meanwhile, this administration continues to spend money far beyond what most Americans consider to be reasonable on a daily basis. Read about Vice President Biden’s recent trip to France in my full article here!
You may be wondering, “Why would the government want to limit how much I can put in my IRA?” The answer is simple….tax revenue. Read More