Did you know about TEFRA before it was passed? Neither did I.It changed the laws regarding new contributions, but not existing accounts. Is this posting to support your position that the government is attempting a takeover of retirement accounts? The conclusion is the opposite. We asked if he had seen any other effort by the Obama administration to create a “national retirement system” that could lead to the government confiscating accounts, as the National Seniors Council claims. John responded: “I have seen no indication that this is an Obama administration goal.”
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