While governments have seized retirement savings in other countries, few Americans believe they have reason to worry.
But the U.S. government has already taken steps toward taking control of the retirement assets of its citizens.
With $20 trillion in debt, the federal government will find it hard to resist the $12.68 trillion in 401(k) and Individual Retirement Account (IRA) money set aside by American workers.
Here's how they'll go about it...
Tags:retirement savings
To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer:© 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Don't Believe the Government Can Take Your Retirement Savings? Read This appeared first on Money Morning - We Make Investing Profitable.