CFP Running for Congress Seeks Universal Nationalized Retirement Plan

Aug 7, 2016

  1. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    7,947
    Likes Received:
    1,805
    State:
    California
    Oh HELL no!

    CFP congressional hopeful seeks 'financial plan for America' | Financial Planning

    I'm sure that if you wanted to keep your advisor, you'd be allowed to?

    There is a wide assortment of various retirement plans for various businesses that can fit their needs. The last thing I want to see is MORE regulation or consolidation of retirement planning by the U.S. Government, ERISA, and/or the IRS.
     
    DHK, Aug 7, 2016
    #1
  2. Norwayguy
    Offline

    Norwayguy I have spent way too much time here.

    Posts:
    8,676
    Likes Received:
    88
    State:
    Maine
    He sounds like a politician his message is you need to keep reelecting me because this will take time.
     
  3. Roberta
    Offline

    Roberta New Member

    Posts:
    8
    Likes Received:
    0
    State:
    Maryland
    Both of you are right on target! :no:
     
    Roberta, Aug 8, 2016
    #3
  4. Newby
    Offline

    Newby Guru

    Posts:
    14,124
    Likes Received:
    1,003
    State:
    Indiana
    If the government would come up with a way to take some money from each of our pay checks every week for our entire working life and then start paying us back out of it when we retire like at age 62 for example, that might work. They could let the money build up all those years and it would never be short because of the interest and many people die early in retirement so the funding would be solid as a rock.
     
    Newby, Aug 8, 2016
    #4
  5. BYSFG
    Offline

    BYSFG Super Genius

    Posts:
    215
    Likes Received:
    0
    Sounds like a rehashed version of 401k's all over again.
     
    BYSFG, Aug 8, 2016
    #5
  6. Roberta
    Offline

    Roberta New Member

    Posts:
    8
    Likes Received:
    0
    State:
    Maryland
    What it sounds like is what our own govt taught the Chilean govt many years ago - deduct money from each person's pay check to pay for their eventual retirement. The Chileans put it in place and never looked back.

    Why we didn't take our own advice is a testament to long-held BOGUS beliefs that what's not broken shouldn't be tampered with - DESPITE proof to the contrary. :1arghh:
     
    Roberta, Aug 8, 2016
    #6
  7. KOC Agent
    Offline

    KOC Agent Super Genius

    Posts:
    115
    Likes Received:
    27
    State:
    Delaware

    Our government already has a plan in place called social security. Sadly, like most most governments(politicians), they raided the coffers and spent money that was not theirs. The last thing we need is government types getting their hands on more of our hard earned money. I
     
  8. marindependent
    Offline

    marindependent Guru

    Posts:
    330
    Likes Received:
    26
    Good Luck getting that passed
     
  9. yorkriver1
    Offline

    yorkriver1 Guru

    Posts:
    1,215
    Likes Received:
    28
    Not likely to pass, and hard to make a plan that would be cost effective. We do have costs for those with little or no savings. This could actually be a net benefit for those who may not be the clients of independent insurance agents for retirement planning anyway, and for taxpayers who wouldn't be paying as much for services to the poor elderly.
     
    Last edited: Sep 10, 2016
  10. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    7,947
    Likes Received:
    1,805
    State:
    California