Quote:
Originally Posted by Spock
Of bigger concern was the prior administration considering taking over all retirement accounts and either forcing them to invest in "safe treasuries", "R-bonds", or a government annuity.
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I was not aware that the previous administration was considering "taking over all retirement accounts and forcing [anyone] to invest".
I am aware of a proposal that was made to encourage workers whose employers did not have 401K style plans to save for retirement. Part of that initiative, which ultimately died on the vine, would auto-enroll those employees into a plan unless they chose to opt-out.
For retirement, are R-Bonds right for you? - MarketWatch
This would hardly be a take over of *all* retirement accounts as you have indicated. Do you have information from a reputable source indicating otherwise? If so, I'd sure like to learn the details about such a proposed take over.