[Hardastarboard]

The withdrawals, cash-outs and loans drain nearly a quarter of the $293 billion that workers and employers deposit into the accounts each year, undermining already shaky retirement security for millions of Americans reduce the 0bama administration's opportunity to confiscate American's 401k's under the guise of "fairness".

[Casie]

Keep you 401! Live in your car!

Seriously, if you are hitting your 401K for cash you either no long believe the stock market will be functioning in the near future... or you have already tapped all other assets and you need the cash to survive. Either way, its somewhat insulting to scold them. Its going to get a lot worse than this. And I'm the optimistic one in the room!

[darkwing104]

How long will it be before Obama signs an executive order to confiscate 401Ks...We already know the Republicans won't do anything to stop him.

[cotton1706]

Why don’t all these people just raise their debt ceilings??

[BipolarBob]

I’m living off of my 401k. Does that make me a bad person?

[BobL]

I cleaned out one of my (well-funded) IRAs to pay off my house. I also figured that tax rates would never be lower and that the government WILL have to seize retirement accounts in the near future, just to be able to reset the clock on the national debt...which otherwise cannot be sustained.

[Poundstone]

You shouldn’t tap into your 401K until you really retire. I won’t tap into my TSP (401K equivalent for federal employees/retirees) for quite a long time. I’m letting it grow, which it has done quite well since I retired two years ago.