[CapnJack]

Look to Argentina and you can see the future of 401K’s in the US. The fed gov’t will grab all of them in due time to “sure up the Social Security system” or whatever excuse they can come up with.

So, all that money you have saved for 20+, 30+ years will be GONE!

You are better off putting your extra money in a Passbook Savings account.

I had a 401K a long time ago in a previous employer, I no longer contribute to one for the past 5 years ... they are worthless.

[businessprofessor]

“Look to Argentina and you can see the future of 401K’s in the US. The fed gov’t will grab all of them in due time to “sure up the Social Security system” or whatever excuse they can come up with.”

The Democrats have introduced a bill that will raid your retirement savings. The bill is a stealth asset grab. John (please elongate the pronunciation) Kerry is a cosponsor. The Democrats are plotting to seize control of retirement assets.

[Doe Eyes]

You are better off putting your extra money in a Passbook Savings account.

Why do you think the Government is more likely to steal retirement savings instead of regular savings?