Look at Cyprus. They are confiscating 10% of people’s bank accounts. Is that a sign of what the ultimate goal is here?
The old saying follow the money. We’ve heard that the RATS have been talking about nationalizing 401’s.
And if it was not for the results of the 2010 election and getting obamacare passed taking up more time, they would have done it. They have not forgotten about it, time just ran out on them. Look for it to resurface again when they regain control of both Houses of Congress.
And most likely, 403Bs, CDs, Health Accounts, &c. &c.
After they siphon off all the "tax deferred" money, you'll get stuck with a bill for the "unpaid" income tax (due on withdrawal).