We Must STOP Obama's Attack on Retirement Plans
by Phil Kerpen, Contributing Author: As you may have heard, Obama's Department of Labor has taken aim at our retirement plans.
Their so-called “fiduciary rule” is BAD NEWS for savers everywhere, and it would add TONS of new regulations to 401(k)s, IRAs, and other retirement options.
As one policy analyst put it, “the fiduciary rule is like Obamacare for your IRA and 401(k), if you like your brokers and investments, you might not be able to keep them.”1
There is no doubt that if this rule goes into effect, there will be major ramifications for anyone planning their retirement.
Thankfully, in just the last couple weeks American Commitment members like you have saturated Congress with OVER 10,000 letters AGAINST this disastrous rule. Your actions helped pressure the House of Representatives to pass H.J. Res. 88, a bill that would STOP this law. Now that we got this bill through the House, it's time for the Senate to act.
The Obama administration thinks this rule is necessary because senior citizens aren’t smart enough to make financial decisions with their own choice of adviser…
With a national debt over $19 TRILLION, the Obama administration has NO RIGHT to tell us how to be fiscally responsible!
Obama’s war on retirement savings must be stopped. Please Tell Your Senators to Leave My Retirement Account Alone!
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1. Competitive Enterprise Institute, "Fiduciary Rule is "Obamacare for your IRA"," April 6, 2016
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Phil Kerpen is president of American Commitment. Follow him at (@kerpen) and on Facebook. He is a contributing author at the ARRA News Service.
Tags: Action Alert, Stop. President Obama, attack on, retirement plans, American Commitment, Phil Kerpen To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
Their so-called “fiduciary rule” is BAD NEWS for savers everywhere, and it would add TONS of new regulations to 401(k)s, IRAs, and other retirement options.
As one policy analyst put it, “the fiduciary rule is like Obamacare for your IRA and 401(k), if you like your brokers and investments, you might not be able to keep them.”1
There is no doubt that if this rule goes into effect, there will be major ramifications for anyone planning their retirement.
Thankfully, in just the last couple weeks American Commitment members like you have saturated Congress with OVER 10,000 letters AGAINST this disastrous rule. Your actions helped pressure the House of Representatives to pass H.J. Res. 88, a bill that would STOP this law. Now that we got this bill through the House, it's time for the Senate to act.
The Obama administration thinks this rule is necessary because senior citizens aren’t smart enough to make financial decisions with their own choice of adviser…
With a national debt over $19 TRILLION, the Obama administration has NO RIGHT to tell us how to be fiscally responsible!
Obama’s war on retirement savings must be stopped. Please Tell Your Senators to Leave My Retirement Account Alone!
------------------
Phil Kerpen is president of American Commitment. Follow him at (@kerpen) and on Facebook. He is a contributing author at the ARRA News Service.
Tags: Action Alert, Stop. President Obama, attack on, retirement plans, American Commitment, Phil Kerpen To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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