“Not the money, thank goodness, but the plans themselves.”
These kinds of stories lead to stupid comments about “them” taking all our 401k money.
The proposal is to change the tax treatment of future contributions. Teresa Ghilarducci’s proposals are the same. The money in existing 401ks and IRAs is untouched, tax treatment of future contributions is changed.
You really think they wouldn’t take all the money if they could?