Kevin McCullough Show - Retirement Plans Battle Waging in the Senate
Show Notes:
David appears @ 38:30
- Stocks are down due in part to GE stock is down to 2012 levels and the Senate is adjusting the tax bill.
- Battle over 401k's and IRA's. Senate wants to cut contributions.
- Senator Hatch proposed Government retirement plans get a 10% penalty for early withdrawal.
- Senator Brown, OH, introduced a bill to bail out insolvent pensions.
- Congress will be forced to buy treasuries to bail out these pensions, which once the markets corrects there will be a massive sell off and it will be a mess.