Originally Posted by KC10 FATboy

Remember when Fox News and other talk show hosts reported on this (the government studying whether to steal 401Ks)? The gov and their media folks came out swinging saying that they lied about those reports. Then it was revealed that the Congress had hearings, and out of those hearings some of the ideas being floated was to take away any tax incentives and to support having Americans flip their 401Ks into Guaranteed Retirement Accounts which give you a whopping 3% return on investment.

So, are they trying to steal it? Not really. They're just want to take away any incentive for you to save by either taxing it to death making it not worth your while, or they're going to offer something different that they can borrow more debt against while giving you a crappy return.

Flyguy1 I agree with you. If they want that money, they're going to get it.