Touching my 401K is an act of war. WILL respond in the proper fashion. I hope that millions do the same.
Technically, they’re not going to “touch it”. They’ll give you the option to put it in their treasury bond ponzi scheme. If you don’t, you’ll be wiped out when they decide to stick a pin in this current artificial stock bubble.
Either way, you lose, and they win.
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My thought on this is you don’t have to have it in stock based funds. My employer’s IRA has an investment option of a guaranteed fixed rate 4% minimum with a guarantee of principal. I’ve had my 100% of my old and new investment contributions going into this account since 2003, and avoided the stock market massacre in 2008. If rates go up and the stock and bond market tank again, the fixed investment account will not lose value and the interest rate paid on deposits will likely rise to reflect rising interest rate markets. I think it’s a wonderful place to have my retirement dollars. Most employers should have this sort of an option but I realize most employer based options only have stock, bond and money market funds.
My employer also has this option (guaranteed rate of return) for retirement savings. Trouble is, this fund is basically an (actually 3) insurance company sponsored plan (look at AIG, now dismissed, but before, one of the 3 of my company’s plan). I do not know what parties are currently guaranteeing principal and interest of my savings, but their guarantee is only worth something if they haven’t stuffed their portfolio’s with toxic assets.