Wednesday, 19 December 2012

Government Eyeing Retirement Savings

By Anne Trimble


Our company offers services to help clientele deal with their assets specifically as regards to the conversion of paper assets into precious metals. Gold and silver are considered to be the only secure and dependable form of savings. Thus, we highly recommend to our clients the significance of turning their funds including retirement accounts like 401(k) and IRAs into these precious metals. Our company believes that traditional forms of retirement funds are not advisable at all and should not be continued.

There is a good explanation for this perspective. It is believed that with a financially-desperate government that is looking closely at the multi-trillion private retirement funding market, the tax benefits involved will be tremendously diminished. This will be due to the rules and regulations that will be implemented to affect this market negatively.

President Obama's administration executives are making a great effort to find out how they can restructure and eventually redistribute those private funds to Americans that need them. Also, these officials are trying to find ways to impose retirement investments like 401(k) and IRAs to be managed by the government itself to be invested in debt instruments issued by the government.

So, it would seem like the chief executive is not completed mortgaging Americans' current and future financial stability. Besides the racking up of about $16 billion federal debt, Obama is trying to take and control the retirement funding that was lawfully attained, accumulated, and capitalized by the people.

This kind of discussion started in 2010 when the administration was looking into programs that would launch government-controlled investment options into the private sector. Examples are retirement savings and government grants mainly in US Treasury debts.

It is clear that this is just the first step toward a government takeover" of at least the instruments used to hold retirement assets.

According to CNBC, the government is attempting to deal with the so-called fiscal cliff by re-organizing the tax benefits involved in 401(k) retirement ideas.

To help you deal with such future financial risks, my firm is here to support you convert your funds to gold and silver simply because this option will best safeguard your assets.




About the Author:



No comments: