Monday, November 10, 2008

What Will Happen to my 201K Account?

Personal Retirement Accounts

A hat tip to Michael Halberman of and a link that presents some scary information about your personal retirement accounts.

According to the link posted by Michael, there is some consideration in Congress regarding a proposed move that would lead to the confiscation of personal retirement accounts by the Federal government.

I won't be making any predictions on the probability of the events described above ever actually happening.

I do know that I have $11,167.38 that I just removed from an Employee Stock Ownership Trust a Andersen Windows that I am going to turn over to an IRA at a broker today. I would rather keep that money for myself than have it rolled into Social Security.

Anyone have any suggestions on good investments?
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