Government contemplating forcing holders of tax-qualified retirement instruments to invest portion in bonds

 

A report by the Washington-based National Institute on Retirement Security that found a significant racial disparity in retirement savings among working-age households appears to be setting the stage for introducing “income redistribution” concepts into the next round of debate over cutting Social Security benefits.

What appears to be taking shape in Washington is an argument that 401(k) plans are a tax advantage enjoyed disproportionately by the rich. Meanwhile, cuts contemplated to Social Security to reduce future unfunded federal budget liabilities would be disproportionately disadvantageous to the poor.

More @ WND