How Does One Stop The Government From Stealing Our Retirement?
July 14, 2014 by Bob Livingston
How does one stop our government from stealing our 401(k)s etc. I’ve worked hard for nearly 40 years hoping to have some kind of at least half decent retirement. Now I’m seeing reports of “bail-ins”? How does one go about stopping this? Need more information.
You are wise to be concerned. I have written about this in the past. I believe there will be a time in the not too distant future that the Federal government will confiscate retirement funds and place them in a government fund. It’s about the only feasible way I can see for the government to prop up the collapsing system. I long ago took the penalty and cashed in my 401(k). I bought gold, silver and some stocks with it and have been rewarded far beyond what I lost in the penalty. As for “bail-ins,” they will affect your bank accounts (see Greece, for example). I recommend keeping cash on hand and leave only enough in the bank to cover your monthly bills. You will also need to invest in a good fireproof safe.