With a majority of Americans having a large, if not scary, amount of their retirement IRAs and 401(k)s invested solely in stocks and bonds, it begs the question to ask if Obama is brazen enough to seize these accounts.
The point should be that no one has the right to another person’s hard-earned money, with or without the government use of a gun to steal it. But unfortunately we are far past that as both Democrats and Republicans are using the police power of government to pry their way further and further into the average American’s wallet.
Done under the guise of ‘taxing the rich’, the Federal Government overreaches its hands into state level issues, demands the states absorb the ’stimulus’ or go under, and forces insane levels of taxation on a majority of Americans. All the while, they play the class warfare game, pitting the ‘rich’ against everyone else.
That populist sentiment only goes so far for anyone who has taken a single economics class. Those who have had economics 101 understand that the ‘rich’ only pass on the taxes they get slapped with on down to the average, every day, hard-working American. Which is only fair since they generally are the ones that do the majority of hiring anyway. And Newt Gingrich wants a law passed that will keep the big government out of our retirements.
So that said, is it possible that if the majority of our investments and retirements are locked up in seizable stocks and bonds, that it is more likely to affect you and me, the average Americans, rather than the rich?
The ‘rich’ can cash out and move on. They can simply disappear if they want. But what about the IRA and 401(k) investor who works hard to meet the maximum investment levels, each year, with not much left at the end of the day? To have their investments seized by an all-powerful, over-reaching, Federal Government would be the last straw.
So how does the average investor protect their retirement? I recommend using an IRA custodian, and there are many great ones out there, to invest your IRA in Real Estate. Nearly $3.5 trillion dollars sit in self-directed IRAs. Having a self-directed IRA allows you to control where your money goes, into different assets such as Real Estate.
Real Estate will provide a rental income, incredible growth as home prices rebound over the next several years, and the most important thing is peace of mind. You will have incredible long-term growth in your IRA or 401(k) without the worry of government seizure.
Focus on investing your IRA in Real Estate and let the law experts take care of passing a law that prevents government from unconstitutional asset seizure. Your retirement is up to you, not up to the government. You can secure yourself a wealthy retirement today!
Paul R. Whitacre is a managing partner at WealthyIRA.com. Our vision is to teach others to invest their IRAs and 401(k)s in the deepest discounted Real Estate in decades. Check out more at our http://www.WealthyIRA.com blog and follow us on Twitter at http://www.Twitter.com/WealthyIRA
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