Do It For The Kids

The recently announced spending and lift the debt ceiling deal is bad deal for Americans’ future. Congress continues to abdicate its responsibility manage the nations purse responsibly. It’s failing to protect the future of the nation. Congress refuses to discharge its constitutional duty. It is not keeping America safe from the economic and national security … Read more

Tyranny – you WILL save for retirement and yet again, continue the incremental transformation of employers into being part of Government

by Skip

Once again, a mandate that will cost you whether you like it or not, but Obama has pre-determined “how much you need”.  “From Obama’s 2014 indentured servitude and Budget (here, page 24, emphasis mine) we see the “benevolent hand” of Tyranny Our Betters Our Rulers our Government  with the socialist glove forcing paternalistic nudging yet another behavior simply because they do not approve of current sovereign citizen behavior:

Encourage Retirement Savings with Automatic Individual Retirement Accounts and Support for Small Employers Who Offer Retirement Plans.

About half of American workers have no workplace retirement plan. Yet fewer than 1 out of 10 workers who are eligible to make tax-favored contributions to an Individual Retirement Account (IRA) actually do so, while nearly 9 out of 10 workers automatically enrolled in a 401(k) plan continue to make contributions. The Budget would automatically enroll workers without employer-based retirement plans in IRAs through payroll deposit contributions at their workplace. The contributions would be voluntary—employees would be free to opt out—and matched by the Saver’s Tax Credit for eligible families. Small employers would be eligible for tax credits to defray the administrative costs of setting up these savings plans. The Budget would also double the existing tax credit for small employers that start up new qualifying employer plans.

So, not only must the working contribute to Social Security, we all will be forced contribute even more to our own retirement.

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