5 Ways President Obama Plans to Change Your Retirement

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lCawwTLPjguZykTb of @ Aug 10, 2009 13:47:07 PM

OBAMA

RECALL OBAMA, AND HAVE ANOTHER ELECTION. HE IS DOING A VERY POOR JOB.

JIM THOMPSON of CA @ Aug 02, 2009 15:06:26 PM

Obama should encourage traditional employee pension plans

Universal health care should be a secondary issue and something the government should not take on. A more serious problem looming for many Americans nearing retirement is the bleak outlook of their retirement years and the feeling that the life they have known all along will be severely altered to become poverty stricken. My suggestion is for the president to present tax breaks to employers who reinstate traditional pension plans for their employees. Then it would shift the concentration from social security benefits as the sole source of income to employer sponsored plans.

The impact to the economy (and Business) would be tremendous since many people are severely curtailing their spending due to the bleak outlook of their impending retirement years.

Also, anyone living in the US illegally should not be allowed into any government entitlement system. It is enough of a burden on our economy that schools provide education for the offspring of illegal immigrants which is funded by the taxpayers via local property taxes.

Carol of NJ @ Jun 19, 2009 09:25:03 AM

retirement

I like what the President is doing, I 49 years old I don't have a retirement plan or any saving whatsoever. I have about $3,000.00 pension left from a company who I got laid-off last july I would mind transfering that to a government IRA, 50% that's very goob. Good job "Mr le President" I will need more information as to were and who to contact for a roll-over. Thank you for this information.

Magalie J Jolicoeur of CT @ Jun 08, 2009 13:52:59 PM

RETIREMENT

Before the ONE 'fixes' health care first fix Medicare and Social Security. Until the government can prove it can operate these two existing long term programs the ONE should keep the hand of government off of health care. I read aboutn Sen Barcus wanting to tax me for the employer portion of health care just to fund free health care to the unisured, mainly illegal aliens. The uninsured get health care, just not at the level the the rest of us get, the ones who do have health care insurance and who do PAY for it, with copays, payroll deductions. I have over $275 deducted every 2 weeks and my wife has over $100 deducted. We who have health care insurance already PAY for it, why should we have to PAY for the others. I am really frustrated at the massive debt spending that had been done this year, my sons will be paying for it for the rest of their lives. STOP the porkulus NOW. 1776 again.

Rich of CA @ Jun 05, 2009 11:49:04 AM

Automatic workplace pensions

Families that earn less than $75,000 would get a 50 percent match on the first $1,000 automatically deposited into their account.

Who will do the matching, the employer or the government?

If it is the employer, it could cause a major burdon on many small buisness, possibly causing them to fail. Will the Buisness be protected from this posible catastrophy?

Jack King of MN @ May 28, 2009 17:18:51 PM

NO TAX FOR SENIORS

I believe this ia a good thing, but does this also enclude the disabled and the early retired due to Disability who are on Social Security and Medicare? Would it also allow them to add to their income if they could find some way to earn it and what would the limits be? These are only a few of the questions that come to mind from this article.

Jack King of MN @ May 28, 2009 17:08:48 PM

MEDICARE

Each of you has paid into Social Security and MEDICARE your entire working life. If you choose to retire overseas, you receive NO MEDICARE BENEFITS, even though you have paid for this health/medical care. The government tells us that they have no way to determine the cost of care in other countries. NOT a FACT! 1) similar procedures usually cost less; and 2) the government pays for US citizens residing overseas through plans such as CHAMPUS, GEHA, military personnel, Embassy and DOD employees with overseas assignments, and more. They have TAKEN YOUR MONEY and will not provide MediCare if you retire out of the country. Could they easily process claims? Of course - the claims system is already set up and working. Feels like 'fraud' to me!

Ruth of TX @ Apr 20, 2009 14:06:08 PM