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Congress Coming After Your Retirement Savings Next?

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  • Description

    FBN’s Gerri Willis on Congress considering taxing Americans’ retirement savings.

  • Duration 1:01
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This transcript is automatically generated

Quite literally.

Hello everyone I'm Gerri Willis here's -- story I think is most important today may be most important this month or even this year.

The genius is in Washington have decided that in their quest to find more money for the federal government to spend.

That they might tap your retirement savings.

I kid you not.

Congress just kicking its hands out of our pockets and eighteen trillion dollars in retirement savings sitting in for awake at 401K accounts across the country.

Is just too much of the temptation to ignore.

-- candy to a baby forget the fact you barring paying taxes on this money income taxes.

What a disaster this would be if it happened were under saved as a nation as it is 43% of us have less than 101000 dollars in retirement savings.

And 40% of us have no savings at all.

The natural reaction to such attacks stopped saving -- can hardly blame Americans for doing that if it came to an additional tax on and count.

By the way which -- already been tax time.

That's my two cents in this.

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