[berdie]

I have to agree. Even as goofy as things are shaping up to be, “seizing” retirement accounts would cause a mass insurrection...and loss of votes.

It will be sold as a protection against market volatility, a whopping $600 per annum match, a guaranteed 3% return on your investment AND Uncle Sam will return the balance of your 401K/IRA to it's balance prior to the stock market fall. And the loss of the tax benefit to a 401K/IRA will enforce this. (We'll take care of your money..don't worry.)

Given the current economic climate, it won't be a seizure,it will be a bloodless coup. A lot of people will fall for this. You don't cook a frog by dropping him in boiling water. You just turn the heat up gradually.

[cherry]

its my money...money that I earned, no one else....its a struggle for middle income people to fully contribute to their 401's and to their roths, it makes you sacrifice and refrain from immediate gratification items, but we do it so we can have something when we retire....

not only that, it is to supplement SS benefits and its something we want to be able to leave the kids when we're gone......

if they take it over, they will make you spend every single penny before SS kicks in.....there will be no legacy for the kids or the grandkids....