Will this happen to us in the near future. One thing working in our favor for most is that retirement accounts are privately held, which will make it more difficult for the feds to grab, but we should remain vigilant. But there is one retirement plan that I am aware of that could be easily seized by the federal gov’t. The Thrift Savings Plan (TSP). TSP is used by federal workers (public and military) as a supplement to their retirement pensions. While there are some differences between TSP and traditional IRAs, they are essentially employer matching savings accounts that can be tied to various market activities. Could the feds make a grab for this money to pay for outstanding debts and other programs like they did with Social Security? Only time will tell.
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