Comments on: Obama Automatic IRA Proposal

By: Burt

Burt — Thu, 18 Mar 2010 18:29:15 +0000

Sorry for the late comment, I just stumbled across this.
Why is requiring IRA contribution any different than the proposal to invest some % of SS withholding that was proposed by GWB? It may be the only way to assure that people save something for retirement. If they don’t, we (taxpayers) will end up making up the difference. Lot’s of details to be worked out for sure, but the idea has merit.

By: Tom

Tom — Fri, 05 Feb 2010 23:49:12 +0000

meant to say they “shouldn’t be telling anyone…”

By: Tom

Tom — Fri, 05 Feb 2010 23:48:40 +0000

good point. they’ll cash them out early and end up on the losing end. i thought they were gonna make annuities mandatory, not IRA’s? either way, the gov’t should be telling anyone they HAVE to do something with their money. it’s not up to them.

By: Daddy Paul

Daddy Paul — Thu, 28 Jan 2010 04:20:59 +0000

I see this proposal as a disaster. The objective is to force people to save. Too many are simply going to cash these IRA’s out. Next we will have the government telling us how to invest our IRA’s.