Those who have been delaying moving their retirement funds out of the system on the account of early withdrawal taxes may want to take notice.
If the official 2012 year end notification an SD reader received from the TSP is any indication, it appears that our prediction of forced movement of 401k, IRA, private & public pension funds into US Treasury bonds may be closer than ever.
As can be clearly seen via the document below, the retired former employee of the Social Security Administration has received official notice that all future 401k contributions have been moved from his prior allocation into 100% US treasury bonds!
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Hey Doc,
I just heard from a friend of mine that who worked for the Social Security Administration for a few years that his entire 401k has been moved from where he allocated it into US treasury bonds.
He just received his annual statement that shows all of his funds have been moved, without his permission or even notice!
This is what Max Keiser and Jim Sinclair have been predicting for over a year now. As far as I know, thus far this has only been applied to non-active employees, but it looks like the tip of the iceberg, and smacks of desperation. I thought you guys could take a look at this. Silver Dragon
Got PHYZZ??
Source: silverdoctors
I said this will happen three years ago and will follow with bank runs. International wiring will suffer a thirty percent withholding until the following April 15. If you’re among the lucky ones whom the Fed did not strong-armed you may get your 30% back; hence, grim, grim, grim.
Americans bent over for their beloved politicians for a hundred years and just begin to feel the pain (in the ass). How pathetic!