A meeting of the group CV 912 Super Seniors will be held on Thursday, Oct. 7, at 10am in the Clubhouse in Classroom C. All Century Village residents are invited to attend.
This group offers a forum for discussion of issues of concern to Seniors. With the cuts to Medicare, new taxes in 2011, and now the meetings in Washington about IRA and 401K choices, residents of Century Village will be greatly affected. By educating ourselves and each other, we can be prepared for the changes and take steps to protect our healthcare, retirement savings and income. National website www.912SuperSeniors.org
If you have had changes already to your healthcare coverage or costs, please share your experience with other Seniors at the meeting. For example, I have had my orthopedist inform me that he cannot perform my knee replacement surgery because he has ended the surgical part of his practice. The staggering malpractice insurance on surgeons added to the low and decreasing reimbursement from Medicare forced the decision.
The billions in cuts from Medicare will have serious effects on the quality and availability of our healthcare. Seniors need to find their voice to speak to politicians of all parties who make drastic changes like the healthcare reform.
One of the next assaults on Seniors is shaping up in Washington. Just after President Obama's election there were discussions that a source of government income could be the trillions in IRA's and 401K's. Because of a tremendous outcry against any hint of forcing retirement income into Treasury Notes (and most Americans have not yet heard of this threat to savings), the government is beginning a "soft campaign" that could have a more subtle and gradual "grab".
Have you read about the government meetings in September regarding IRA's and 401K's?http://www.pionline.com/article/20100920/PRINTSUB/309209973/1039
They will nudge us...by forcing retirement plans to offer an annuity option...so retirees will have" a stream of income". That way we retirees will not let our untaxable money just stay in IRA's and 401K's. Instead, we will "take a steady stream of payouts" and the government will get taxes on every penny taken out of a regular IRA or a 401K.
http://www.dol.gov/ebsa/regs/cmt-1210-AB33.html
Above is the link to the testimony, etc. from the September hearings on government "guiding and protecting" our IRA and 401K savings. This begins as just a caring nudge toward annuities ( and more taxable income).
They will gradually nudge us...and if we do not comply to give the government more taxes, they will nudge us harder and harder assuring they are only helping us to have security.
Those Roth IRA's sounded good because of no taxes when we withdraw the money, but it is my opinion that there is too much money in those accounts for the politicians to keep their needy, greedy hands off of Roth money also.
http://www.businessrecord.com/main.asp?SectionID=35&SubSectionID=98&ArticleID=10843
And insurance and investment companies LOVE the idea of annuities. More fees for their companies (most plans are LOADED with upfront fees and many have extreme penalties for early withdrawal of principle from an annuity) and more taxes for government.....works well for them but not so well for Americans' retirement savings.
FOLLOW THIS!!!! Google or Bing search on "Lifetime Income Options for Retirement Plans".
This begins as an "oh-so-helpful-government-guideline" and could continue to a complete mandate (confiscation) of retirement savings into Fed Treasury notes...with a low but guaranteed return....just to help us..
Think it cannot happen?
Who thought GM would be taken over and contractual bond and stock agreements negated by government?
Who expected TARP I and TARP II and 787 Billion Stimulus, and Cap and Trade now imposed by the EPA?
Seniors, know your politicians and judge them by their actions, not their campaign promises. Seniors have much to lose.
- info at request of B. Samuells
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thanks/hopes this wakes up the lemmings.
ReplyDeleteIf the Dems vote for Meeks, Seniors will have nothing when Ultra Right Rubio wins. Vote Crist
ReplyDeleteMike, when will you realize,
ReplyDeleteCharlie, is a POLITICIAN.....
period, end of story.....Former
Republican, current Independant,
who has supported Obamah..I'll take
my chances w/Rubio, whoese NOT
beholden to anyone...yet!
Betty
ReplyDeleteRubio is beholding to the Republicans,if you are an R that's fine, hope the Kool Aid is safe to drink.
They are all politicians and owned by corporations, unions or other interest groups that do not have the American publics best interest at heart. I don't have a lot of years left and I don't need wall street getting hold of SS money or medicare money.I don't think America can stand another depression like the one we are presently in. They can all do what they want when I'm gone but for now I sure don't need a Rush L. candidate deciding how my last years are spent.
Mike:
ReplyDeleteI agree with you. I have posted
on this web a DVD that all should
watch. CAPITALISM - A LOVE STORY
by Michael Moore. A lot of people
say PHOOEY to Michael Moore but in
this DVD it will make you sick to
see what all THE BIG CATS are doing
to us Americans.
Hi Nut, It makes me sad seeing what has become of America because people allow their politicians to accept special interest money in their campaigns. Our past Congressman was a perfect example,from Congress to K street.
ReplyDeleteWhy don't people put the blame
ReplyDeletewhere it lies. In the year 2000
the Secretary of State, Katherine
Harris told all of Florida after
recount after recount and declared
that George W. Bush has beaten
Al Gore so like it or not our new
President is George W. Bush who
took over the Presidency with a
huge surplus of money. Eight years
later America is deeply in the
red.......WHY???...because George
is like SARAH....THEY ARE BOTH
IGNORANT AND DO NOT KNOW THEIR
RIGHT FOOT FROM THEIR LEFT AND
AND COULD CARE LESS ABOUT TRYING
TO MAKE AMERICA A GREAT PROSPEROUS
COUNTRY.
Bettie: I take offense to the
way you spell Obama's name.
I hate to tell you Nut but the wall street collapse was made possible by Clinton, Rubin, Greenspan with The good Republican Senator Gramm leading the way with the Republican congress. In 1999 Clinton and Rubin set up legislation that repealed The Glass Steagall Act of (1932). This Act was passed by congress to seperate Investment Banking from Regular banking. Then In 2000 Clinton , Rubin , Greenspan and Senator Gramm passed the Commodity Modernization act that deregulated Wall street. The rest is history.
ReplyDelete