And considering I don't trust them.......I would be very, very concerned IF I had a 401k
But I chose years ago....to NOT take my companies retirement option...EVEN with the "matching" monies....
Now I took major heat from the AIG "pusher" ( she used to stalk me at work...Ha! )....and some mild heat from co-workers....but turns out I was correct. ( First time in ages...: ) )
Anyway......I think it's quite possible that the Feds take that action..and most of da folks would be happy to take it. ( Because they are Sheeple...)
“.......I would be very, very concerned IF I had a 401k”
Something I’m beginning to wonder: How much stock do the 401k’s own and what happens if many or most of them begin to bail?
I hear people who have a good 20 yrs to go before retirement sounding worried and anxious to bail NOW.