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Started By
Message
If social security is doing so great why do we now need myRA?
Posted on 12/27/14 at 10:02 pm
Posted on 12/27/14 at 10:02 pm
LINK
And is this even constitutional? Where does Obama get the authority to implement myRA?
Seems like a scheme to funnel more private IRA funds from private equities to treasuries. Gotta find more people to secure that federal government debt, I guess.
ETA: I'd bet Obama and his cronies want to make this a mandate where all workers will be required to participate. It would be like social security plus.
And is this even constitutional? Where does Obama get the authority to implement myRA?
Seems like a scheme to funnel more private IRA funds from private equities to treasuries. Gotta find more people to secure that federal government debt, I guess.
ETA: I'd bet Obama and his cronies want to make this a mandate where all workers will be required to participate. It would be like social security plus.
This post was edited on 12/27/14 at 10:05 pm
5
Posted on 12/27/14 at 10:09 pm to GumboPot
I thought replacing SS with private investment accounts was the "fix" that Republicans wanted?
Also: why are so many of you unaware that SS is an insurance and NOT a retirement account.
Also: why are so many of you unaware that SS is an insurance and NOT a retirement account.
This post was edited on 12/27/14 at 10:11 pm
Posted on 12/27/14 at 10:16 pm to GumboPot
quote:
myRA is only for workers is without access to a retirement plan at work and earn less than $129,000 per year (less than $191,000 per year if you’re a married couple filing jointly)
You can keep saving money in your myRA for 30 years or until you’ve saved $15,000, and when either of those limits is reached, your savings will be rolled over to a private-sector Roth IRA* where you can keep saving. You can also choose to roll over your myRA to the private sector at any time.
Posted on 12/27/14 at 11:56 pm to GumboPot
quote:
GumboPot
If social security is doing so great why do we now need myRA?
Do you know the difference between insurance and a savings account?
Posted on 12/28/14 at 12:01 am to GumboPot
Some crazies want to force all private 401-k's and IRA's into a government run program. This was especially touted after the crash in 2008. Thankfully, there is not quite enough stupid in D.C. to make this a reality.
I do think social security should become optional on its way to being phased out. I should get the option to opt out. If I was presented a form to sign to say I forfeit everything I have contributed so far over the past 15 years or so but never have to contribute another dime, I would jump all over that in a heartbeat.
I do think social security should become optional on its way to being phased out. I should get the option to opt out. If I was presented a form to sign to say I forfeit everything I have contributed so far over the past 15 years or so but never have to contribute another dime, I would jump all over that in a heartbeat.
Posted on 12/28/14 at 12:03 pm to GumboPot
quote:
You earn less than $129,000 per year
I'm out.
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