The reality is that after 32 years of work and another 17 to go, I will have nothing at the end. I will guarantee you that in the next 4 years we will see the seizure of all 401k and 403b accounts with the proceeds to go into a national fund that will pay out a defined benefit. Significantly less than what I might have otherwise had at age 67...if I live that long. If I die before the requisite age my portion will be forfeited and my family gets nothing....just like Socialist Security.
I was going to retire fat, drunk, and happy. Not anymore.
That’s the future for me.....not very pleasant.
Yes I agree that the government will make a move on our 401k & 403b plans. I don’t expect that they will just take them like they did in Argentina, but expect them to become highly taxed. There’s no way that they are going to let trillions of dollars go tax-free to us I’m sorry to say.