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 …
