Monday, January 28, 2013

401K Accounts - Another Big Government Joke


Previously, I have blogged about COBRA as a big government joke!

Why Is Your Retirement Savings Dependent On Your Employer At All?

Why are employees depending on their employer to provide them with such or similar accounts like those for non-profits or federal government employees?
Why do newly hired employees have to endure a significant waiting period before they can open such an account?
Why do employees have to rollover such accounts whenever they change employers?
Why are employees limited to the investment funds their employer has selected for them?
Why are there so many confusing different retirement saving accounts established by our legislators (Roth IRAs, IRAs, 401K accounts, etc.)?

A Product Of Big Government And Crony Capitalism

401K accounts are another example of the excesses of big government! There should only be tax deferred or after tax individual retirement savings accounts entirely independent of whichever employer one works for. Period!

Instead big government, big corporations, and the financial industry came together …

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