I’m over 50 and I’ve watched my 401 go into the toilet so many times it’s not funny. I agree, these turds just keep looking for a way to take it away from us. I think I will cash it out and take what is left and find an island they don’t control and move to it. Course, if enough of us did it they’d find a way to declare war on the island. Shame on all of them.
Here is a responsible recommendation: TAX the distributions at the lowest CAPITAL GAIN rate. They are afterall a long term investment. Why tax them as regular income.
Yes they do - very successfully by devaluing the currency on a daily basis.