by Paul Seymour, Director of TDV Offshore
I woke up this morning here in the communist-leaning Little Italy which is Buenos Aires, and was hoping to find something to write about, and what did I see? An article entitled – Treasury and IRS Encourage Use of Annuities in 401(k) Plans.
That’s the kind of title that just sets me to bein’ a tad skeptical. Excuse me for being a bit jaded, but these are the guys who over the past few years, have blatantly committed illegal acts, and have no qualms about lying to your elected representatives in order to try and evade prosecution, or much more likely, the proverbial slap on the wrist.
Whenever I see that Treasury is “encouraging” something, the hair on the back of my neck stands up. My first reaction is to question why unelected bureaucrats with a criminal past are interested in what citizens do with their own retirement savings to begin with. Of course we both know the answer to that, and I’m just feigning the naiveté for the sake of argument.
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