Retirement Savings Accounts Draw U.S. Consumer Bureau Attention [Archive] - Glock Talk

PDA

View Full Version : Retirement Savings Accounts Draw U.S. Consumer Bureau Attention


Ruble Noon
02-03-2013, 07:54
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.
“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray (http://topics.bloomberg.com/richard-cordray/) said in an interview. He didn’t provide additional details.


http://www.bloomberg.com/news/2013-01-18/retirement-savings-accounts-draw-u-s-consumer-bureau-attention.html

aircarver
02-03-2013, 08:14
They gonna manage our money as good as the gooberminrt did with social security ? ... :upeyes:

.

beforeobamabans
02-03-2013, 08:20
No question that 401Ks will become a target under the Obama administration.

DOC44
02-03-2013, 08:34
http://www.ammoland.com/wp-content/uploads/2010/08/Cannon-HR-Series-Gun-Safes.jpg

Doesn't pay interest... but I'm the only one that knows the combination.

Come to think of it banks don't pay much interest either .5%.... maybe.


http://www.frostapps.com/Wallpapers/f1.jpg

Doesn't pay interest either but I am the only one who knows where it is buried..... and I can grow veggies and meat.

Doc44

sheriff733
02-03-2013, 11:53
Obama supporters, you wanted it, you're going to get it.

G17Jake
02-03-2013, 13:16
http://www.bloomberg.com/news/2013-01-18/retirement-savings-accounts-draw-u-s-consumer-bureau-attention.html


The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams,


:rofl:

What they mean is consumers may fall prey to scams that aren't run by the government.

I have been forced into a scam since 1976.

kurt1305
02-03-2013, 13:18
Living proof they are running out of other peoples' money.

cowboy1964
02-03-2013, 13:20
Americans "may fall prey to financial scams".

Yeah, like Social Security Retirement and Medicare?? :rofl:

walt cowan
02-03-2013, 13:23
daddy, why does the government steal from us? because son, thats where the money is.

pugman
02-04-2013, 06:42
http://www.frostapps.com/Wallpapers/f1.jpg

Doesn't pay interest either but I am the only one who knows where it is buried..... and I can grow veggies and meat.

Doc44

I get it but point in fact the only reason you "own" this land is the government says you do.

Case in Point: my former hunting land. We hunted the same acreage my uncle, a very wealthy farmer, "owned" since 1976. It has a swamp, about 40 tillable acres he grew corn on but the rest of it consisted of a gravel pit and land way too hilly to develop. He got the land as part of a large tract purchase.

Then the DNR steps in

They had been buying land in this area for decades. When it got to the point they owned everything except this one section I give you one guess what happened. My uncle's political connections meant he received money for it but far below what he felt it was worth.

As far as 401Ks. The Federal government has been toying with the idea of a National Annuity for years...we have nationalized healthcare...this would be the next logical step.

The guns I will give you....

DOC44
02-04-2013, 13:20
I get it but point in fact the only reason you "own" this land is the government says you do.

Case in Point: my former hunting land. We hunted the same acreage my uncle, a very wealthy farmer, "owned" since 1976. It has a swamp, about 40 tillable acres he grew corn on but the rest of it consisted of a gravel pit and land way too hilly to develop. He got the land as part of a large tract purchase.

Then the DNR steps in

They had been buying land in this area for decades. When it got to the point they owned everything except this one section I give you one guess what happened. My uncle's political connections meant he received money for it but far below what he felt it was worth.

As far as 401Ks. The Federal government has been toying with the idea of a National Annuity for years...we have nationalized healthcare...this would be the next logical step.

The guns I will give you....

The gun safe was not just for guns.... cash, silver, and gold.... banks don't pay much interest.

Your point on land is well taken .... so it is a good idea to have two or three tracks of land separated by a few miles that are suitable for growing food... meat and taders and burying stuff if you want to.:supergrin:

Doc44