The problem I see is that we all kinda got used to 401K situations and don’t see ourselves just dumping it. I don’t see any vehicle that they’ve offered that really beats the 401K. I certainly won’t admit that 401K perfect, but I’ve been doing it twelve years now. It makes sense and most of the rules are ok, although I’d like to see a minor change or two.
These guys may sit around and talk this up on Sunday chatter shows...but I think when they sit down in front of real folks...and their explanations for a alternate plan just don’t work...the idea will drop right there. We’ll all laugh about the chat and talk...and how the Obama plan simply fell quickly in the first 100 days.
Liberals with the malignant neglect by Republicans have gutted most real money assets. 401K's are real dollars and huge pot to plunder. I do not share your optimism regarding anyone stopping this bunch if they decide to 'take' 401Ks for the good of the children. This election was about payback to those rich republicans that President Bush cut taxes.
No because when they sit down in front of real folks, they'll tell them how they're offering a pension plan that greedy employers no longer offer them. They'll tell them how the new plan will not have any way it can drop like their 401(k)s just did. And to really get the fish on the hook, they'll tell them they're going to give the value of their 401(k)s before the crash. Wait till you see how many people run to this.