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This is a live feed on this. Looks to be finishing.
quote:
That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in.
This is a live feed on this. Looks to be finishing.
quote:
That’s why, tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA. It’s a new savings bond that encourages folks to build a nest egg. MyRA guarantees a decent return with no risk of losing what you put in.
Meme photo is funny.
Barry wants people to buy bonds that invest in "green energy" and other investment LOSERS. Run as fast as possible from this scheme. Social Security is already a loser.
Very bad investment for young people.
The government takes your money and locks it up in Treasuries for 30+ years and promises you retirement money later in life. I was reading that they might create a new special Treasury bond just for that program.
Current 30 year Treasuries are 3.80%. You want to lock up your money for 30 years at that rate ?
Isn't that Social Security ?
I'm telling my son to stay away from that if he gets offered something like that on his job.
Fidelity IRA has no min and a host of investment vehicles to choose from.
Obama forgot to mention that the paltry investment return will get ate up by inflation. But it does give the left a opportunity of showing their support for big gvt and green energy a chance to invest.
Adolf Hitler tried this scheme with the VW before WW2. People were encouraged to "invest" in the company by making down payments on cars that ended up never being built. He took the money and converted the factory to produce arms for the military.
Anyone one buys into the scheme, will have their money dumped into the general fund with a "promise" of getting paid later.
Very bad investment for young people.
The government takes your money and locks it up in Treasuries for 30+ years and promises you retirement money later in life. I was reading that they might create a new special Treasury bond just for that program.
Current 30 year Treasuries are 3.80%. You want to lock up your money for 30 years at that rate ?
Isn't that Social Security ?
I'm telling my son to stay away from that if he gets offered something like that on his job.
Fidelity IRA has no min and a host of investment vehicles to choose from.
quote: As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice thatall future 401k contributions have been moved from his prior allocation into 100% US treasury bonds! ....
(alleged photocopy of statement is attached.)
Hey Doc, I just heard from a friend of mine that who worked for the Social Security Administration for a few years that his entire 401k has been moved from where he allocated it into US treasury bonds.
He just received his annual statement that shows all of his funds have been moved, without his permission or even notice!
Adolf Hitler tried this scheme with the VW before WW2. People were encouraged to "invest" in the company by making down payments on cars that ended up never being built. He took the money and converted the factory to produce arms for the military.
I hadn't heard that, though it wouldn't surprise me.
Got a link or reference?
Quote:
Anyone one buys into the scheme, will have their money dumped into the general fund with a "promise" of getting paid later.
That's exactly what happens with your Social Security "contributions" today... and has been happening since the program was started in the 1930s.
The so-called Social Security Trust Fund is empty. Filled with nothing but Federal IOUs for the money they took out of it and spent on everything else in the Federal budget.
All the people who are owed SS benefits, will be paid out of present young suckers\\\\\\\contributors' payments (the defining characteristic of a Ponzi scheme), or from funds intended for other programs, or from tax increases.
since this is a obama's idea - everyone who voted for him or supports him should be required to put their money in this scheme. this is what happens when you spend more than you can afford... and pretty soon they won't even ask if you want to participate - you will participate.
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