When government moves to steal depositors cash in the bank, what do you call that?
It’s not about borrowing the 401K money it’s about stealing what you have saved … At all cost you do not want to turn over your savings to the federal government.
You’ve been warned, get ready for the great 401k theft. The plan on the table is to remove the tax deduction for new deposits, and turn over the cash to the fed. The fed will then pay 1-3% interest, far below normal rates of return. But no new principal deposits will be allowed. There is now over $19 Trillion in 401Ks.
FNC Video 401k here …