When I first signed up for a 401(k), my Grandfather (God rest his soul) flipped out.
He had lived through the great depression, remembered FDR seizing gold and inspecting safety deposit boxes, and said “They will take that 401K to help out someone who already spent their savings.”
I fear he was right.
RE: “They will take that 401K to help out someone who already spent their savings.”
Your Grandpa has the gift of prophecy... on second thought, he has the gift of learning from history.