The Federal Government Is Moving To Seize All 401K Plans – Hearings Scheduled

Kenny Solomon

The United States Department Of Labor in ‘partnership’ with The United States Department Of The Treasury convene a two-day hearing on September 14th and 15th.

Host: The Employee Benefits Security Administration (Dept. Of Labor).

The title: Lifetime Income Options For Retirement Plans.

U.S. Department of Labor publishes agenda for September 14-15 joint hearing on lifetime income options for retirement plans.

Washington — Today the U. S. Department of Labor’s Employee Benefits Security Administration (EBSA) released the agenda for the upcoming joint hearing with the Department of the Treasury on lifetime income options for retirement plans. Accompanying the agenda are copies of the witnesses’ requests to testify and testimony outlines. The hearing begins at 9:00 a.m. (EST) on September 14 and 15, 2010. The hearing will be held in the Labor Department’s main auditorium, 200 Constitution Avenue, NW in Washington, D.C.

A live webcast of the hearing will be available on EBSA’s Web site at The agenda and requests to testify are available on EBSA’s Web site at Individuals planning to attend the hearing should provide contact information by email to and arrive at least 15 minutes prior to the start of the hearing to expedite entrance into the building.

The two-day hearing agenda (PDF) – Lifetime Income Options For Retirement Plan – Hearing Agenda – September 14 & 15 2010.

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I’m the last person around here who could competently (or civilly) opine regarding this kind of thing, so it would be nice if somebody could please research this thoroughly – especially delving into the folks on the list to speak.

We’re entering an extremely dangerous time in our nation – powder-keg-dangerous….. The left already has thousands of lit matches in hand and they’re the antithesis to anything safety related

On a personal note, I’ve already had to cash in one of my two 401K plans – I was laid off back in July and that money is the only way I can keep a roof over my head, eat, pay bills, etc. for the foreseeable future – you know, the used-to-be-normal life things a few people in America like to be involved with.

I have one more 401K left to my name and it’s not big at all. If this Totalitarian disaster-in-the-making / tipping point for a real revolution gains traction, I’ll cash in that 401K, pay the penalty and tax, stash my money in vehicles where I know it will remain mine and have some of it do good on my behalf (at least one ammo purchase comes to mind), then go from there.

~Kenny Solomon

Update: A list of Common American Journal articles on this topic is here. In February John Hinderaker wrote at Power Line,  Are the Democrats Coming After Your Savings?

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