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What worries me is that 401(k)’s haven't even been around that long. They have basically only been around for 35 years. Which means that those who were just starting their working lives at around 25 years old are just now approaching 60.

Which means for all these years those funds have been unavailable for taxation and to help drive the economy. It will be interesting to see how the flood of money coming out of those 401(k)’s will affect things in the coming years.

My wife and I will have over a million easy in our 401(k) by the time we retire, that's money that has never been taxed.

My wife and I will have over a million easy in our 401(k) by the time we retire, that’s money that has never been taxed.

They are going to rape you and rape you hard. They are going to realize that they have this money just waiting. I wouldn’t doubt if they tax 401K’s with a different percentage then ordinary income. Perhaps 40 percent Income Tax and 10 percent state tax (well thank God you are in Texas). You may still keep 60 percent of your money...maybe. It is so dang scary what is happening to our country financially. We might all end up house poor. We own our home, but will not be able to do a thing other then stay home and hope we at least have enough money to heat, eat some craps of food, and that might literally be it. Scary times for all of us I am afraid.

I hope the $ million is there for you at retirement.

I still remember the promotional material for 401k’s as they were starting to be offered at my employer in Boston in the early 1980’s
“30 yrs contributing $2K per year and you’ll have a million bucks” Of course interest rates and earnings were in the double digits and no one thought that things could change so drastically. One piece of advice that was actually worth something was “invest for the long run”...I saw way too many very smart people either get out completely or convert to the most conservative options when the stock markets took a big hit at least once in every decade since the 80’s.
Do I now what will happen in the next 10 yrs?....Absolutely not and I’d be a fool to predict the future. As I get closer to retirement, I have been moving into more conservative investments....but I won’t tell you that I’ve got everything figured out....except of course “Beware of the marketing hype when some new investment comes along that will solve all of your problems”