Wednesday, April 17, 2013

401K plans, IRA, pension plans at risk from Governments

I suspect what will happen in America is that they will take pension plans; 401K plans, IRA’s, and pensions plans which the government knows about may be next.

Their rationale will be, ‘Well most people have not been doing well in their IRAs and pension plans for the past several years, so we are going to help you. We are going to take your pension plan and give you government bonds so that you have a guaranteed return.'

Jim Rogers

Warren Buffett

Nouriel Roubini