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masraum masraum is online now
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Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,978
Thoughts re: 401k, IRA, GRA, retirement

First, please let's try to keep this from going PARFy! I try to avoid that place like a leper colony.

I don't know where, but my wife heard something about the nationalization of retirement accounts. I guess there are articles on the Internet about a few countries like Ireland, France, Argentina, etc... taking over retirement accounts to help the countries bail themselves out of financial issues, and if you search the 'Net there are TONS of articles about that happening in the states. I'm sure it could happen, but I think it's unlikely, and most of the articles that I saw in a quick search seemed to be on small sites, blogs, and sites that sounded like they were probably conspiracy rich. I did a few searches for articles on the bigger news sites and found very little.

I did find a few articles about the failures of the 401k system and the creation of GRA (Guaranteed Retirement Accounts).

What are your thoughts (hopefully, more financial than PARFy) on retirement accounts and savings and (I hate to ask) the possibility of the nationalization of retirement accounts?
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