Have you heard yet our government is planning on forcibly take all American's 401k plans to subsidize the failed social security system? They are planning on confiscating the current 401k accounts, replacing them with a Guaranteed Retirement Account managed by the Federal Government, participation would be a mandatory 5% of your income on top of the Social Security Taxes you already pay. The Guaranteed Retirement Accounts are administered by the Social Security system eliminating all individual account management fees. Self employed individuals would not be able to draw on any of the Guaranteed Retirement Accounts when they retire, but they would be required to pay into the plan for all of their employees. Employee contributions are offset through a $600 refundable tax credit, which takes the place of tax breaks for 401(k)s and similar individual accounts and is indexed to wage inflation. Under this plan you would only be able to will ½ of your account balance to your heirs and even then your heirs would not be able to touch the money until they reach retirement age. It is nice having the government tell you what you can do with your savings and when you will be allowed to spend it.

Amazingly enough, it doesn't look like government employees will be participating in this GRA plan just like they don't participate in Social Security. Why is the GRA plan good enough for you and me, but not good enough for the people in charge of managing the plan? Think hard about this one. What it fails? It is great we have a government that wants to take such good care of us that they feel we need to be told how much to save, how much we may give to our heirs, when our heirs may spend the money, and how old we must be to get at our retirement savings.

I tried to give you the quickest overview possible. If this has peaked your interest, you can read:

http://www.ronpaulforums.com/showthread.php?t=168297 This is an article which includes a link to the 20 page "briefing paper" about the proposed "Guarenteed Retirement Accounts"

You may also listen to YouTube: Alex Jones Interview at: http://www.youtube.com/watch?v=gmufsqXEJDY

A free person has always used gold and silver as a store of wealth. Read our Constitution, Article 1 section 10. It is the only form of constitutional money. Our founding fathers did this on purpose so we would not be a slave to a government printing money (devaluing your savings) while you are at work, sleep and play. If you are interested in learning about diversifying your portfolio with gold or silver call Tamara 303-771-5825 at Golden IRA's & Investments, Inc. in Denver, Colorado. I love to educate others about protecting their accumulated wealth. You may also visit www.goldeniras.com to learn more.