Yeah, the feds want you to keep all that money in your 401K so they can raid it at a later date.
I talked to my financial adviser about this last night. In short it would put virtually every financial investment company out of business. You REALLY think this is going to happen? Talk of anything like that is simply talk. It hasn’t even made it IN to a committee.
The government wants MORE people to save money, it weans them off the need for SS. In fact, look for the opt-in rule to be changed to a opt-out rule. In other words instead of having to opt-in t a 401k you would be automatically enrolled into one unless you specifically opt OUT of it.