Same here. I didn’t save much toward retirement in my 20’s, but I’ve been MAX’d out on by contributions to my 401K since then and makes me sleep better at night knowing it will be there in the golden years. It is a wonderful way to save for your retirement.
What I think the dems want to do is remove the 401K system and socialize it distribute your earnings even more.
This is called, "share the wealth" so that others can benefit. I sure am glad that my taxes won't be raised under Obama (sar)
I remember seeing a Brooking Institute meeting on C-Span during the time Bush was trying to save the USA and privitize SS. They were hawking a private plan on TOP of SS. Except it would be mandatory and of coarse it would be wealth re-distribution aspect like SS and the .gov would also kick in some money for those on the low end. I bet this is something like that. I am so mad right now. I do not want to finance another persons retirement but my own. Good grief. Are they going to bleed us to death until we have to revolt!!!